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Bookkeeping Controls AAT Banking

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The payee of a cheque is the person who is writing the cheque

a)

True

b)

False

2.

The drawer is the person writing the cheque

a)

True

b)

False

3.

The drawee is the bank upon whom the cheque is drawn (who issued the cheque book)

a)

True

b)

False

4.

A cheque becomes invalid after 6 months - true or false?

a)

True

b)

False

5.

A bankers draft is a cheque whereby funds are paid directly into the bank rather than into an individual’s account.

a)

True

b)

False

6.

An electronic system which processes Direct Debits, direct credits and standing orders for UK banks, is called……………?

a)

CHAPS

b)

BACS

c)

Standing Order

d)

Building Society

7.

Match the most appropriate type of payment for each scenario below:

Payment of a gas bill every month for an amount which varies

a)

Direct Debit

b)

Cash

c)

Cheque

d)

Standing Order

8.

Match the most appropriate type of payment for each scenario below:

Buying kitchen supplies for the office (e.g.: tea, coffee)

a)

Direct Debit

b)

Standing Order

c)

Cheque

d)

Cash

9.

Match the most appropriate type of payment for each scenario below:

Sending a payment for purchase supplies in the post to a supplier

a)

Direct Debit

b)

Standing Order

c)

Cheque

d)

Cash

10.

Match the most appropriate type of payment for each scenario below:

Payment of water rates of a standard amount each month

a)

Direct Debit

b)

Standing Order

c)

Cheque

d)

Cash