Day: October 27, 2025

Accounting Multiple Choice Question – 27 October 2025

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

The following options are types of tests that might be carried out by an assurance provider.

For the example given, select the financial statement assertion that is being tested.

– Review of the financial statements using a Companies Act checklist

Select ONE answer:

  1. Existence
  2. Classification
  3. Completeness
  4. Tests of controls only

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 –  The Companies Act checklist ensures that all classification issues are addressed.
  3. Not correct
  4. Not correct

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