Day: August 16, 2026

Accounting Multiple Choice Question – 16 August 2026

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

Which ONE of the following procedures which could be undertaken to confirm the valuation of a client’s bank balance is the MOST reliable?

Select ONE answer:

  1. Inspection of the bank reconciliation
  2. Inspection of the bank letter
  3. Inspection of the bank statement
  4. Inspection of the cash book

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 – Direct confirmations with customers and review of cash paid after date are most appropriate as these provide independent confirmation of the year-end trade receivables balance, whereas the receivables ledger and sales invoices are part of the client’s own records.
  3. Not correct
  4. Not correct

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