AAT Level 2 POBC Payment Methods

AAT Level 2 POBC Payment Methods

12th Grade

10 Qs

quiz-placeholder

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AAT Level 2 POBC Payment Methods

AAT Level 2 POBC Payment Methods

Assessment

Quiz

Business

12th Grade

Medium

Created by

Emma Barlow

Used 10+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John's Autos wants to be paid in something that is similar to cash but not cash for a car

Faster payments

Credit Card

CHAPS

Bank draft

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Variable expenses incurred by a salesperson over the month

Cash

Credit Card

CHAPS

Bank draft

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

£100 to be paid on 1st of each month for the rental of a garage lock up

Direct Debit

Credit Card

Standing Order

Bank draft

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tea and coffee required to be purchased from the local shop

Credit Card

Cash

CHAPS

Direct Debit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following will not reduce funds in the account on the date of payment/posting?

Cheque

Bank draft

Cash withdrawal

CHAPS

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reasonable approach to making payments

To pay late and wait to be chased before payment

To pay as late as possible but not late

To pay a supplier late because they cannot complain

To pay immediately to clear the creditor from the accounts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cheques from customers should be gathered up and paid into the bank on the last day of the month

True

False

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