Day: March 16, 2026

Accounting Multiple Choice Question – 16 March 2026

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

For the following statement below about internal controls over payroll, select whether they are true, false, of no importance and / or of no material importance.

  • Reconciling this month’s payroll with the previous month’s payroll, without performing any other procedures, ensures that starters and leavers are accounted for correctly.

Select ONE answer:

  1. True
  2. False
  3. Of no importance
  4. Of no material importance

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 – Performing this reconciliation would flag up changes from the previous month’s payroll, which would then need to be verified.
  3. Not correct
  4. Not correct

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