Day: November 30, 2025

Accounting Multiple Choice Question – 30 November 2025

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

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For each of the following statements, select whether they are true or false in respect of the limitations of a system of internal control:

A – Internal controls are only applied to material items.
B – Standard controls may not be designed to deal with unusual transactions.

Select ONE answer:

  1. Statement A – False, and Statement B – False
  2. Statement A – True, and Statement B – False
  3. Statement A – True, and Statement B – True
  4. Statement A – False, and Statement B – True

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct => Statement A is false – internal controls should be applied equally to all transactions, whether material or not.

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