Interactive workbook: Multiple-choice-questions 6.10 - Introduction to Accounting 2e Student Resources

. Sinan Limited's financial statements for the year ended 31 January 2022 present the following figures:

	2022		2021
	£	£
Finance income	120,000	110,000
Interest receivable at the end of the year	12,000	15,000

How much cash did Sinan Limited receive in interest (finance income) in the financial year ended 31 January 2022?

£117,000

£120,000

£123,000

£147,000

. Akiko Limited's financial statements for the year ended 31 July 2021 present the following figures:

	2021		2020
	£	£
Finance income	75,000	78,000
Interest receivable at the end of the year	4,000	3,500

How much cash did Akiko Limited receive in interest (finance income) in the financial year ended 31 July 2021?

£74,500

£75,500

£77,500

£78,500

. Nico Limited's financial statements for the year ended 31 October 2021 present the following figures:

	2021		2020
	£	£
Finance income	4,250	3,850
Interest receivable at the end of the year	225	315

How much cash did Nico Limited receive in interest (finance income) in the financial year ended 31 October 2021?

£3.760

£3,940

£4,160

£4,340

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