Accounting Multiple Choice Question – 26 May 2020

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

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Financial Reporting Standards were formally issued by the . . . ?

Select ONE answer:

  1. the Stock Exchange.
  2. the government.
  3. the Accounting Standards Board.
  4. None of the above.

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 3

  1. Not correct – The Stock Exchange issues rules and regulations concerning the financial statements of PLCs whose shares are listed on the exchange.
  2. Not correct – The government is responsible for preparing legislation.
  3. Correct
  4. Not correct

 

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