Tag: Net Current Assets

Accounting Multiple Choice Question – 1 December 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 directors of Alex Ltd provide the following information to you.

  • bank overdraft – £1,200
  • equipment – £12,000
  • long term loan – £8,000
  • petty cash – £900
  • Inventory – £2,500
  • trade payables – £3,000
  • Trade receivables – £2,000

What is the amount of the net current assets?

Select ONE answer:

  1. £1,200
  2. £2,400
  3. £3,600
  4. £5,200

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 – £2,500 + £2.000 + £900 – £3,000 – £1,200
  2. Not correct
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 8 October 2023

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

Photo by Pixabay on Pexels.com

Alex Trading Ltd has the following assets and liabilities:

  • short-term investment – £6,000
  • loan interest owing – £1,500
  • loan repayable within one year – £12,000
  • deposits from customers for orders – £4,500
  • Trade payables – £27,000
  • Trade receivables – £39,000
  • pre-payments – £3,500

What is the amount of net current assets?

Select ONE answer:

  1. £3,500
  2. £4,500
  3. £8,000
  4. £15,500

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 == > £6K + £39k + £3.5k – £1.5k – £12k – £4.5k – £27k
  2. Not correct
  3. Not correct
  4. Not correct

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