AAT Controls End revision questions Quiz

Imagine you're helping Ella organize her treasure chest. What is the correct entry for an increase in her treasure assets?

• Debit

• Credit

• Both Debit and Credit

• Neither

Leo and Elsie are starting a lemonade stand business. They decide to increase their capital to buy more lemons and sugar. What is the correct entry for this increase in capital?

• Debit

• Credit

• Both Debit and Credit

• Neither

Imagine Anaya and Mira are playing a game of financial Jenga. Anaya removes a block labeled 'Liabilities' from the tower. What is the correct entry for this decrease in liabilities?

• Debit

• Credit

• Both Debit and Credit

• Neither

Imagine you're helping Freya with her accounting homework. She just bought a new set of paints for her art class. What is the correct entry for this increase in her expenses?

• Debit

• Credit

• Both Debit and Credit

• Neither

Ava and Amelia are running a lemonade stand. They just made a big sale! What is the correct entry for this increase in revenue?

• Debit

• Credit

• Both Debit and Credit

• Neither

On what date did Coco start her new business?

• 1 April 20X4

• 1 May 20X4

• 1 March 20X4

• 1 June 20X4

Mira and Aarav are starting a new business venture. How much cash did Coco introduce as opening capital to help them kickstart their dream project?

• £5,000

• £10,000

• £15,000

• £20,000

Rosie and Elsie are setting up a magical chocolate factory! They need to buy some enchanted plant and machinery to get started. Can you guess how much it cost them?

• £2,500

• £3,500

• £4,500

• £5,500

During a friendly neighborhood challenge, Coco and her friends, Eesha, Neha, and Evie, competed to see who could save the most on their electricity bill. How much did Coco pay for her electricity bill in cash?

• £50

• £60

• £70

• £80

Imagine you're at a bustling market, and Coco is running a lemonade stand. What was the amount of cash sales made by Coco?

• £400

• £500

• £600

• £700