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Level 1 Bookkeeping Week 1 recap

Authored by Robert Morris

Business

1st - 12th Grade

Used 6+ times

Level 1 Bookkeeping Week 1 recap
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a customer that owes you money

Trade payable

Trade receivable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an expense?

Motor vehicle

Motor vehicle repairs

Loan

Computer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sale was made for £180.00 before VAT how much VAT should be added?

18.00

30.00

36.00

15.00

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total amount of an invoice is £542.00 how much VAT has been included

£108.40

£81.30

£54.20

£90.33

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document is sent to a supplier informing them of what has been included in a payment?

Invoice

Goods received note

Remittance advice

Credit note

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A delivery note shows the total amount due?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these tasks would be done by a bookkeeper?

Producing the products

Preparing employment contracts for new starters

Preparing the bank statement

Recording sales and purchases in the accounts

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