Day: October 3, 2024

Accounting Multiple Choice Question – 3 October 2024

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

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Which ONE of the following would be classified as current liabilities in the statement of financial position of a sole trader?

Select ONE answer:

  1. Owner’s capital
  2. Petty Cash
  3. Goods Taken For Own Use
  4. Accrued Interest Charges

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 4

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

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