Day: August 8, 2026

Accounting Multiple Choice Question – 8 August 2026

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

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Which ONE of the following does NOT provide evidence to support the rights and obligations assertion in relation to non-current assets?

Select ONE answer:

  1. Title deeds
  2. Sales invoices
  3. Purchase invoices
  4. Vehicle registration documents

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 – The rights and obligations assertion means that the entity holds or controls the rights to assets. Although vehicle registration documents show registered keeper, not owner, the keeper is likely to have control of the asset. Both title deeds and purchase invoices give evidence of ownership (which gives control). Sales invoices provide evidence of no longer owning something and therefore do not support the assertion of rights and obligations.
  3. Not correct
  4. Not correct

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