Day: December 25, 2023

Accounting Multiple Choice Question – 25 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

Information about a business’s financial position is primarily provided in which financial statement?

Select ONE answer:

  1. The statement of profit or loss
  2. The statement of financial position
  3. The statement of equity and retained earnings
  4. The statement of cash flows

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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