Accounting Multiple Choice Question – 20 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.

• All inventory lines must be counted at least once per month.

Select ONE answer:

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

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 – All inventory lines must be counted at least once per year, not once per month.
4. Not correct

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