AAT Bookkeeping Recap

Which of these is an asset

• Stationery

• Office equipment

• Loan

• Sales

If a bookkeeper suspects one of his clients is money laundering he does not need to report it?

• True

• False

Which of these is not one of the ethical principals?

• Honesty

• Integrity

• Objectivity

• Professional Competence

Computerised accounting software allows you to import data from different file types such as spreadsheets and csv files?

• False

• true

A credit customers is called a?

• Trade receivable

• Trade payable

• Sales

• Purchases

Assets equal £76,500 and liabilities are £24,725 how much is capital?

• £101,225

• £24,225

• £76,500

• £51,775