Day: September 7, 2026

Accounting Multiple Choice Question – 7 September 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 assertions is the auditor most concerned with when testing property, plant and equipment?

Select ONE answer:

  1. Occurrence
  2. Cut-off
  3. Rights and obligations
  4. Non-Existence

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 3

  1. Not correct
  2. Not correct
  3. Correct – Only existence and rights and obligations are assertions about account balances. Occurrence and cut-off are assertions in respect of classes of transactions and events for the period.
  4. Not correct

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