AAT L1 Using Accounting Software recap quiz

What does a Receivables report show?

• A summary of balances owed to suppliers

• The debits and credits of the ledger accounts

• A summary of balances owed from customers

• A summary of bank payments

What does a Payables report show?

• A summary of balances owed to suppliers

• The debits and credits of the ledger accounts

• A summary of balances owed from customers

• A summary of bank payments

What is an Aged Received analysis report used for?

• To chase customers for money (it shows the amount they owe)

• To see which suppliers need paying first

• To make payments through the bank

What is an Aged Payable analysis report used for?

• To chase customers for money (it shows the amount they owe)

• To see which suppliers need paying first

• To make payments through the bank

What is meant by Off-the-shelf software

• A software written specifically for the needs of the business

• A software aimed at a wide range of users

What is meant by Bespoke software?

• A software written specifically for the needs of the business

• A software aimed at a wide range of users

Are computer viruses a risk for users of desktop software or cloud-based software?

• Desk-top software

• Cloud-based software

Which type of software can suffer from system crashes?

• Desktop

• Cloud-based

If an employee accidentally deletes date from cloud-based software it is impossible to retrieve it?

• True

• False

Which of the following is NOT an AAT professional ethic?

• Confidentiality

• Integrity

• Honesty

• Objectivity