
AAT Level 2 Intro to Bookkeeping Ch1&2
Authored by Emma Barlow
Professional Development
Professional Development
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where is a financial document first recorded?
Cash book
Book of prime entry
Sales day book
Ledger accounts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A customer who owes money to a business is known as....
Trade receivable
Trade payable
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A supplier owed money by the business is known as......,
Trade receivable
Trade payable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an asset?
Sales
Vehicle
Bank loan
Trade payable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a liability?
Trade receivable
Computer
Bank Loan
Money in the bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Statement of Profit or loss shows:
Income + Expenses = Profit
Income - Liabilities = Profit
Income - Expenses = Profit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Statement of Financial Position shows:
Assets - Liabilities = Capital
Assets + Liabilities = Capital
Assets - Expenses = Capital
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