Accounting Multiple Choice Question – 13 April 2024

Two statements are made below:

A.  The owner’s drawings are shown on the trial balance.

B.  The closing inventory balance is included in the extended trial balance.

Which of these statements are True or False?

Select ONE answer:

1. A. True & B. False
2. A. False & B. False
3. A. True & B. True
4. A. False & B. True

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 3

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

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