NEW
Font size
S
M
L
XL
WorksheetsAAT Level 2 CJBS Recap Quiz
Total questions: 18
Worksheet time: 10mins
Name
Class
Date
1.
Would recording an entry for electricity on the debit side of both the bank and the electricity accounts be disclosed as an error in the trial balance?
a)
Yes, it would be disclosed in the trial balance
b)
No, it would not be disclosed in the trial balance
c)
It might show if the amounts were large enough
d)
It would only show if we made more than 2 entries
2.
Is VAT owing to HMRC a debit or a credit?
a)
Credit
b)
Debit
c)
Both
d)
Neither
3.
A suspense account always has a credit balance. TRUE or FALSE
a)
True
b)
Maybe
c)
False
d)
Both
4.
The debit side of the cash book records payment made from the business. TRUE or FALSE
a)
True
b)
False
c)
Maybe
d)
I really don't know
5.
Bank overdraft fees are an expense to the business. TRUE or FALSE
a)
Maybe
b)
True
c)
False
d)
Who knows
6.
If we have paid out £85.64 from our petty cash imprest level is £100, how much do we need to withdraw from the bank to reinstate our imprest level?
a)
£14.36
b)
£100
c)
£185.64
d)
£85.64
7.
What is the entry to record the Wages Expense?
a)
Debit Wages Expense, Credit Wages Control Account
b)
Debit Wages Control Account, Credit Wages Expense
c)
Debit Wages Expense, Credit Bank
d)
Debit Wages Control Account, Credit Bank
8.
A payment for stationery was recorded in the bank, but not in the stationery account, what is the journal entry to correct this?
a)
Debit Stationery, Credit Bank
b)
Debit Suspense, Credit Stationery
c)
Debit Stationery, Credit Suspense
d)
Debit Suspense, Credit Bank
9.
Bank debit balance £749. Payments made of £258 and £1,165. Cheques received of £20 and £169. What is the bank balance now?
a)
£485 Debit
b)
£485 Credit
c)
£1,983 Debit
d)
£1,983 Credit
10.
Which of the following is not shown on a cheque?
a)
Date
b)
Signature
c)
Date of Birth
d)
Account Number
11.
Which of these is a debit entry?
a)
Bank interest received
b)
Loan
c)
Bank interest paid
d)
Bank overdraft
12.
What entries are made to enter an irrecoverable debt?
a)
Debit Irrecoverable Debts, Credit Bank
b)
Debit Irrecoverable Debts, Credit SLCA
c)
Debit SLCA, Credit Irrecoverable Debts
d)
Debit Bank, Credit SLCA
13.
Gross wages = £6236 Employers' NI = £730 Employees' NI = £620 PAYE/Income Tax = £1,808. What is the net wages to be paid to the employees?
a)
£6,236
b)
£4,428
c)
£3,078
d)
£3,808
14.
Which of these is another word for closing stock?
a)
Closing Infantry
b)
Closing Inflammatory
c)
Closing Inventory
d)
Closing Invettory
15.
Would the recording a payment for motor repairs in the motor vehicles account be disclosed as an error in the trial balance?
a)
Yes, the error would be disclosed in the trial balance
b)
No, the error would not be disclosed in the trial balance
c)
Only if the error was large enough to notice
d)
Only if the mistake was small
16.
Cheques received, but not yet banked are known as what?
a)
Unpresented cheques
b)
Presented cheques
c)
Outstanding presentations
d)
Outstanding lodgements
17.
Which one of these services is not offered by a building society?
a)
Savings account
b)
Overdraft
c)
Telephone banking
d)
Foreign currency
18.
What will you be doing in the time left before the exam?
a)
Taking a break from studying
b)
Trying to fit in more revision time
c)
Taking it easy for a while
d)
Eating more biscuits
Reset
