Tag: Topic 1

Accounting Multiple Choice Question – 2 October 2023

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

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How can net profit be calculated?

Select ONE answer:

  1. Closing Capital + Drawings – Additional Capital – Opening Capital
  2. Closing Capital – Drawings + Additional Capital – Opening Capital
  3. Opening Capital + Drawings – Additional Capital – Closing Capital
  4. Opening Capital – Drawings – Additional Capital – Closing Capital

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. Not correct
  3. Not correct
  4. Not correct

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