
The Business Environment Synoptic
Quiz
•
Other
•
Professional Development
•
Practice Problem
•
Hard
Hannah Page
FREE Resource
Enhance your content in a minute
13 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Choose 2 main roles you would expect someone undertaking a finance function to have?
Producing monthly bank statements
Producing Financial Statements
Ensuring the confidentiality of accounting information
Providing systems support to other departments
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
Pick any Policies and Procedures that someone working in a finance department should familiarise themselves with
Heavy Lifting Protocol
Research and Development Policy
Annual Leave Entitlement
Warehouse Despatch Procedures
Business Code of Conduct
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Where would you put a total figure from a Purchase Return Day Book?
Debit Purchase Returns
Credit Purchase Returns
Debit PLCA
Credit PLCA
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Does every figure in the RLCA and PLCA include VAT if a business is VAT registered?
Yes
No
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A Trade Receivable has gone out of business owing you £100 plus VAT. What is the entry to remove the net amount owing?
Debit £100 in the RLCA
Credit £120 in the RLCA
Debit £100 in the Irrecoverable Debt Account
Credit £120 in the irrecoverable Debt Account
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A £300 (no VAT) error of reversal exists for all accounts representing Commission Received. What entries will correct this error?
Debit Suspense £600, Credit Com Rec £600
Debit Bank £300, Credit Com Rec £300, Credit Bank £300, Debit Com Received £300
Debit Bank £300, Credit Com Rec £300, Debit Bank £300, Credit Com Rec £300
Credit Bank £300, Debit Com Rec £300, Credit Bank £300, Debit Com Rec £300
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The Discount Received Day Book has a total figure of £100 instead of £150. What entry will correct the Suspense Account?
Credit £150
Debit £150
Debit £50
Credit £50
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
ACCT 5307
Quiz
•
University - Professi...
9 questions
Engine Basics
Quiz
•
Professional Development
12 questions
Armas deportivas
Quiz
•
Professional Development
15 questions
STFO
Quiz
•
Professional Development
13 questions
Lego
Quiz
•
KG - Professional Dev...
12 questions
4th OESAI- KNOCKOUTS- OPENING SHOWCASE GAME
Quiz
•
Professional Development
10 questions
Billing Quizz
Quiz
•
Professional Development
10 questions
KUIS SEMINAR INDO HARVEST x GASUH
Quiz
•
Professional Development
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Other
10 questions
How to Email your Teacher
Quiz
•
Professional Development
6 questions
3RD GRADE DECLARATION OF INDEPENDENCE EXIT TICKET
Quiz
•
Professional Development
19 questions
Black History Month Trivia
Quiz
•
6th Grade - Professio...
22 questions
Multiplying Exponents with the Same Base
Quiz
•
9th Grade - Professio...
40 questions
Flags of the World
Quiz
•
KG - Professional Dev...
