WorksheetsAccounts and Financial Services
Total questions: 12
Worksheet time: 14mins
Documents used in the accounts office include:
circulation slip
invoices
visitors book
job analysis
PAYE is:
not a deduction
a voluntary deduction
contribution to health, social security and pensions
tax paid to the government
_________________ is the document made out by the seller whenever the buyer has been undercharged on an invoice.
A credit note
a debit note
An invoice
A statement of account
A statement of account is a:
list of goods sold to a customer
summary of all transactions over a given period
letter sent to customers who have not settled their account
refund of an overcharge made
Which of the following is not a function of the accounts department?
payment of wages
checking on credit worthiness of customers
chasing up delinquent debtors
staff welfare
If customers receive a credit note from a supplier, this means:
their account is no longer in credit
they are required to make an additional payment
they have been overcharged by the supplier
they have been undercharged by the supplier
if John worked 40 hours and is paid at $12 per hour, what is his basic wage?
$320
$480
$360
$520
Mary's basic rate is $20 per hour. She worked 10 overtime hours and is paid at time and a half. What is her overtime pay?
$200
$350
$300
$250
John earned $750 during the week. However, he is required to pay 5% of his earnings to national insurance and $5 to union dues. What is John's net pay?
$707.50
$792.50
$712.50
$692.50
The duties of an accounts clerk include all of the following, except:
preparing cheques
preparing payroll
writing up the cashbook
answering customer queries
Suggest THREE attributes that are required by an accounts clerk and state the reason/reasons for your choice.
Identify TWO types of bank accounts managed by the accounts office.
