Business Studies Multiple Choice Question – 25 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance £555 000 Cash inflow £784 000 Cash outflow £872 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£88,000
  2. £229,000
  3. £467,000
  4. £1,339,000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3 – Opening £555k + £784k inflow = £1,339k then minus cash outflow of £872k finally equals closing balance of -£33k.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Business Studies Multiple Choice Question – 24 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance £25 000 Cash inflow £124 000 Cash outflow £182 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£33,000
  2. -£17,000
  3. £22,000
  4. £149,000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1 – Opening £25k + £124k inflow = £149k then minus cash outflow of £182k finally equals closing balance of -£33k.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Business Studies Multiple Choice Question – 23 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance  £15 000   Cash inflow £24 000   Cash outflow £22 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£22,000
  2. -£7,000
  3. £2,000
  4. £17,000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 4 – Opening £15k + £24k inflow = £39k then minus cash outflow of £4k finally equals closing balance of £17k.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Business Studies Multiple Choice Question – 22 September 2019

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

These are the monthly cash flow figures for a business.

– Opening balance £10 000 Cash inflow £14 000 Cash outflow £28 000

What is the closing balance for the business at the end of the month?

 

Select ONE answer:

  1. -£14,000
  2. -£4,000
  3. £24,000
  4. £38,000

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – Opening £10K + £14k inflow = £24k then minus cash outflow of £28k finally equals closing balance of £4k.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 21 September 2019

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

A form ‘VAT 100’ is . . .

Select ONE answer:

  1. the form used by firms to register for VAT.
  2. a form issued by HMRC demanding immediate payment of VAT outstanding.
  3. the form on which periodic VAT returns are made by VAT-registered firms.
  4. None of the above.

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. Incorrect
  2. Incorrect
  3. Correct
  4. Incorrect

 

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.