Day: December 14, 2023

Accounting Multiple Choice Question – 14 December 2023

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Olya Kobruseva on Pexels.com

When Alex, who is a sole trader, takes money out of the business for his own personal use, this is called?

Select ONE answer:

  1. Dividends
  2. Drawings
  3. Wages
  4. Profit for the year

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

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