Accounting Multiple Choice Question – 19 September 2026

For the following statement concerning perpetual inventory counts, select whether it is true, false, it depends on the size of the business, or it should be referred to a more senior auditor for comment.

• Adequate inventory records must be kept up to date.

Select ONE answer:

1. False
2. True
3. Consult a senior colleague
4. Depends on the size of the business

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
3. Not correct
4. Not correct

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