Tag: Income Due

Accounting Multiple Choice Question – 8 August 2023

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

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The information relates to the subscriptions of a book-keeping club.

  • at the start of the year: in advance £50 & in arrears £75
  • at the end of the year: in advance £150 & in arrears £120

Cash received during the year was £3,750.

What was the subscription income for the year?

Select ONE answer:

  1. £3,695
  2. £3,750
  3. £3,755
  4. £3,805

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

  1. Correct – £3,750 + £50 – £75 – £150 + £120
  2. Not correct
  3. Not correct
  4. Not correct

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