Accounting Multiple Choice Question – 17 January 2019

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

A business’s trial balance ……. ?

 

Select ONE answer:

  1. shows its financial position
  2. establishes whether its accounting records are correct
  3. list all of the entries in its double-entry accounting records
  4. is a list of all of the balances brought down in its double-entry accounting records

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 is the balance sheet; 2 even if the trial balance balances does not mean that it is free of accounting errors such as omission, compensating errors etc; 3 these are shown in the ledger accounts whereas the balances are in the TB.

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Accounting Multiple Choice Question – 5 October 2018

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

What is the balance carried down on the following debtor account on the 31 July ………..?

 

Table 27

Select ONE answer:

  1. £1,650 credit
  2. £1,000 credit
  3. £1,650 debit
  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 – At 31 July Total debits £6,250 – Total credits £7,900 = difference c/fwd on the debit side of £1,650

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Accounting Multiple Choice Question – 4 October 2018

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

What is the balance carried down on the following debtor account on the 20 July ………..?

 

Table 27

Select ONE answer:

  1. £1,650 credit
  2. £1,000 credit
  3. £1,650 debit
  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 1 – At 20 July Total debits £4,950 – Total credits £3,300 = difference c/fwd on credit side of £1,650

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Accounting Multiple Choice Question – 3 October 2018

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

What is the balance carried down on the following debtor account on the 31 July ………..?

Table 26

Select ONE answer:

  1. £300 debit
  2. £900 debit
  3. £1,500 debit
  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 – At 31 July Total debits at 20 July is only £2,100 – Total credits £3,000 = difference b/fwd on the debit side at that date of £900

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

Accounting Multiple Choice Question – 2 October 2018

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

What is the balance carried down on the following debtor account on the 20 July ………..?

Table 26

Select ONE answer:

  1. £300 debit
  2. £900 debit
  3. £1,500 debit
  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 2 – At 20 July Total debits at 20 July is only £2,100 – Total credits £3,000 = difference b/fwd on the debit side at that date of £900

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

Accounting Multiple Choice Question – 1 October 2018

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

What is the balance carried down on the following debtor account on the 31 July ………..?

Table 25

 

Select ONE answer:

  1. £650 credit
  2. £1,000 credit
  3. £1,300 credit
  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 2 – At 31 July Total debits £3,250 – Total credits £2,250 = difference c/fwd on credit side of £1,000

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Accounting Multiple Choice Question – 30 September 2018

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

What is the balance carried down on the following debtor account on the 20 July ………..?

Table 25

 

Select ONE answer:

  1. £650 credit
  2. £1,000 credit
  3. £1,300 credit
  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 – At 20 July Total debits £1,950 – Total credits £650 = difference c/fwd on credit side of £1,300

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