Day: March 20, 2025

Accounting Multiple Choice Question – 20 March 2025

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

Photo by Olya Kobruseva on Pexels.com

Alex, the managing director of Lucy Ltd wants to understand the links between technical competence and professional responsibility in the accounting profession.

Which areas should be considered by Alex below?

Select ONE answer:

  1. Disciplinary proceedings and the profession’s interest only
  2. Disciplinary proceedings and accounting principles only
  3. The profession’s interest and accounting principles only
  4. Disciplinary proceedings, the profession’s interest and accounting principles

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 2

  1. Not correct
  2. Correct == > Applying accounting principles is an aspect of technical competence. Disciplinary proceedings are relevant when there has been a failure of technical competence and/or professional responsibility. The profession’s interest has no impact.
  3. Not correct
  4. Not correct

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