Accounting Multiple Choice Question – 13 July 2026

For the procedure below, select the option that best describes the auditor’s test as performed.

• Reviewing the payments made to suppliers after the year end

Select ONE answer:

1. Testing primarily for completeness of payables
2. Testing primarily for completeness of accruals
3. Testing primarily for the existence of accruals
4. Not a relevant procedure for payables

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 – Reviewing post year-end supplier payments is a test not often conducted – all it could really tell the auditor is whether the entity has the cash to pay its suppliers. This procedure is not to be confused with post year-end receipts from receivables, which is an important test of debt recoverability.

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