Day: September 10, 2026

Accounting Multiple Choice Question – 10 September 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 would provide evidence of rights and obligations of motor vehicles?

Select ONE answer:

  1. Physical inspection of motor vehicles
  2. Vouching a sample of motor vehicles in the asset register to registration documents
  3. Review of motor expenses invoices paid in the period
  4. Confirmation that calculations on the non-current asset schedule are correct in respect of motor vehicles

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 – Physical inspection and confirmation of calculations provide evidence of existence and valuation respectively as opposed to rights and obligations. The rights and obligations assertion means that the entity holds or controls the rights to assets. Although registration documents show registered keeper, not owner, the keeper is likely to have control of the asset. Purchase invoices give evidence of ownership (which gives control).
  3. Not correct
  4. Not correct

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