You Bought 100 Shares at £20 Each

question 48

Multiple Choice

You bought 100 shares at £20 each.At the end of the year, you received a total of £400 in dividends, and your shares was worth £2,500 total.What was your total return?

• A)20%
• B)45%
• C)50%
• D)90%
• E)None of the above.

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Definitions:

Chart of Accounts

An organized list of all ledger account titles and numbers used by a company, serving as a framework for the recording of financial transactions.

Asset Accounts

Accounts that track the value of the resources owned by a business, which can include cash, inventory, equipment, and real estate.

Journal

A record where all financial transactions of a business are initially noted before they are transferred to ledger accounts.