Day: February 13, 2026

Accounting Multiple Choice Question – 13 February 2026

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

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The following process describes aspects of the purchase system in operation at Alex plc:

For the process, select whether it represents a significant strength, a significant deficiency, a minor impact or no impact on the system.

  • Invoices from suppliers are sent to the buyer for authorisation before being forwarded to the Accounts Department for entry into the accounting records and subsequent payment.

Select ONE answer:

  1. a minor impact
  2. no impact
  3. a significant deficiency
  4. a significant strength

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 – Deficiency – The buyer appears to have complete control over what is purchased by Alex plc. There does not appear to be any kind of purchase limit placed upon him, or any reference made to the sales department for what they want to sell. There is a risk that the buyer could purchase items for personal use.
  4. Not correct

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