Accounting Multiple Choice Question – 16 March 2026

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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