Accounting Multiple Choice Question – 9 January 2026

Which ONE of the following is a risk associated with the sales system?

Select ONE answer:

1. Orders may be taken from customers who are able to pay
2. Invoices may be cancelled by valid credit notes
3. Goods may be received but not invoiced
4. Sales might be recorded in the wrong customer accounts

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 => If credit notes are valid then the related invoice is cancelled. Goods received are part of the purchases system. As such, they are not risks associated with the sales system.

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