Day: October 18, 2025

Accounting Multiple Choice Question – 18 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 not an assertion used by the auditor about different classes of transactions?

Select ONE answer:

  1. Rights and Obligations
  2. Occurrence
  3. Completeness
  4. Cut-off

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 1

  1. Correct => Rights and Obligations would be used in respect of a balance, not a class of transactions.
  2. Not correct
  3. Not correct
  4. Not correct

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