Day: October 16, 2025

Accounting Multiple Choice Question – 16 October 2025

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

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Which ONE of the following is a valid comment about the quality of assurance evidence?

Select ONE answer:

  1. Evidence from internal sources is more reliable than evidence created by the assurance provider
  2. Evidence from internal sources is less reliable when related internal controls operate effectively
  3. Evidence from external sources is more reliable than evidence obtained from the entity’s records
  4. Photocopies are more reliable than facsimiles

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
  2. Not correct
  3. Correct => Third-party confirmation of an accounting transaction, such as a bank statement, is always something that is sought during the audit process, i.e. a bank reconciliation.
  4. Not correct

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