Day: August 25, 2026

Accounting Multiple Choice Question – 25 August 2026

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

The results of substantive tests in relation to non-current assets at Alex Manufacturing Ltd are set out below.

The materiality threshold set for these tests was £5,000.

For each of the following results, select the action which should be taken by the audit senior.

  • A building revalued to £100,000 during the year was vouched to an expert valuation carried out by a firm of chartered surveyors.

Select ONE answer:

  1. Extend sample
  2. Draw conclusion
  3. Refer to a senior colleague
  4. Refer to a junior colleague

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 – Vouching the revalued building to a valuer’s report is sufficient to enable a conclusion to be drawn.
  3. Not correct
  4. Not correct

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