WorksheetsAAT Level 1 BS Assessment LQ1 Quiz
Total questions: 49
Worksheet time: 25mins
What is typically the primary goal of private companies?
Raising awareness
Making a profit
Providing public services
Reducing costs
Which sector does an organization belong to if it buys raw materials to turn into finished goods through a production process?
Retail
Manufacturing
Charity
Service
Which department would most likely require information on changes in tax on earnings and National Insurance rates?
Sales and marketing
Human resources
Purchasing
IT
Which of the following is one of the likely results when expenditure is greater than income for an organisation?
The organisation will make a profit and therefore be able to grow the business
The organisation will make a loss and may not be able to pay for purchases, so suppliers may withdraw credit terms
The organisation will continue to operate as normal, as making a profit or loss is not important
How much was the total cost of the toner?
£66.25
£65.00
£66.50
£66.75
What type of transaction was made when buying the toner?
Cash sale
Cash purchase
Credit sale
Credit purchase
If the toner had been bought from DeskAngels, what type of transaction would this have been?
Cash sale
Cash purchase
Credit sale
Credit purchase
If the toner had been purchased from DeskAngels, which payment terms would have been in place for 4th March 20X8?
Payment at the end of invoice month
Payment in 14 days
Payment on delivery
Payment in 30 days
If the toner had been purchased from DeskAngels, which payment terms would have been in place for 31st March 20X8?
Payment at the end of invoice month
Payment in 14 days
Payment on delivery
Payment in 30 days
If the toner had been purchased from DeskAngels, which payment terms would have been in place for 9th April 20X8?
Payment at the end of invoice month
Payment in 14 days
Payment on delivery
Payment in 30 days
What document accompanies a payment sent to a supplier to settle an account?
Sales invoice
Remittance advice
Statement of account
Goods received note
Which document provides a summary of all purchases and payments made with a supplier over the previous month?
Sales invoice
Remittance advice
Statement of account
Goods received note
What document is generated by the customer to check that the delivery received matches their Purchase Order?
Sales invoice
Remittance advice
Statement of account
Goods received note
What is the VAT percentage mentioned in the Purchase Order from Shoegate Enterprises Ltd?
10%
15%
20%
25%
Identify which TWO of the following is incorrect on the existing sales invoice.
The quantity of pens supplied
Shoegate Enterprise Ltd’s address
The customer reference
The product description / code
The unit price of the pens
What is the total sales amount for the six-month period?
£715,830
£716,830
£717,830
£718,830
In which month were the sales the highest?
January
March
April
June
What is the range of the monthly sales during this period?
£25,861
£26,861
£27,861
£28,861
How many shirts were sold in total across the four matches?
244
200
180
150
What is the average (mean) number of shirts sold per match?
61
50
55
65
Based on this data, how much does each replica football shirt cost?
£29
£25
£30
£28
In terms of shirts sold, which of the following describes the difference in terms of the number of shirts sold between Matches 2 and 3?
A decrease of 16
An increase of 16
An increase of 24
A decrease of 14
In terms of revenue, describe the difference in terms of the number of shirts sold between Matches 1 and 2.
Increase of £696
Decrease of £696
Increase of £500
Decrease of £500
What were the purchases made in February?
£63,000
£56,000
£63,000
£60,000
What is the average (mean) spending per month (to the nearest pound)?
£58,333
£60,000
£59,000
£57,000
What percentage of the total purchases in this six-month period were in January?
16%
20%
14%
18%
What is the ratio of the total purchases to the purchases made in June?
7:1
5:1
3:1
35:1
Purchases in July decreased by 1/4 (a quarter) from the previous month. How much were purchases in July?
£45,000
£37,500
£50,000
£40,000
The cost of rent is £280 per month. The landlord has increased this by 9%. What will be the revised rent per month?
£305.20
£280.00
£290.00
£300.00
Supplier Y currently charges £28 for delivery of stock. He has decided to increase this delivery charge by 1/5. What will be the revised delivery cost per order from Supplier Y?
£33.60
£30.00
£32.00
£34.00
How is 1/5 recorded as a decimal?
0.2
0.5
0.25
0.15
The current purchasing price of product number TA76Z from the supplier is £567.00. This is to be increased by 4%. What will be the increase in selling price for product TA76Z?
£589.68
£590.00
£580.00
£600.00
Which of the following statements is true regarding an organisation's 'house style'?
It describes the furnishings in its office.
It outlines the dress code for employees.
It specifies the company's mission statement.
It details the office layout.
What is an example of a planning aid to help improve time management?
A company newsletter
A to-do list
An employee handbook
A financial report
If a caller from the bank asks for information about company debts, what is the correct response?
Tell him what debts the business has over the telephone.
Tell him that the information is confidential and that you don’t have the authority to disclose it over the phone.
Send him an e-mail with the information so that no one in the office can hear.
Invite him to a meeting to discuss the debts.
What is the best form of communication to use when you need an immediate answer from a colleague in the Customer Services team?
Telephone call
Letter
Face-to-face meeting
What is the best form of communication to use to contact the customer?
Telephone call
Instant messaging
Letter
Report
How should the communication start and finish?
Hi David - Kind regards
Dear Mr Leeson - Yours sincerely
Dear David - Yours faithfully
Dear Flanaghan Foods - Yours faithfully
Which three skills are considered most useful for a junior accounts assistant role according to the job advert?
Creative skills, Communication skills, Numerical skills
Negotiating skills, Time management skills, Management skills
Communication skills, Numerical skills, Time management skills
Creative skills, Negotiating skills, Management skills
Which two qualifications should be included in the job application form section for qualifications?
AAT Access Award in Business Skills, 6 GCSEs Grade A-C
Captain of regional athletics squad, Flexibility
1 year of experience working in an office, Flexibility
Captain of regional athletics squad, 1 year of experience working in an office
Which statement is correct regarding what should be included on a C.V.?
Your marital status should be included on a C.V.
Contact details should be included on a C.V.
If you are in employment already, there is no need to include your qualifications on your C.V.
As long as your work experience is listed in the right order, there is no need to check spelling on your C.V.
What is the income for Month 1 at Alexander’s Home Furnishings?
£7,322
£5,910
£5,374
£3,512
What is the expenditure for Month 3 at Alexander’s Home Furnishings?
£3,512
£5,428
£5,910
£7,322
What is the difference between income and expenditure for Month 2?
£3,810
£2,732
£5,428
£7,322
Which communication method is most effective for providing an overview of the financial information to staff?
Telephone call
Instant messaging
Face-to-face meeting
Which business document would be included in the Income data for Alexander’s Home Furnishings?
Purchase Orders
Goods Received Notes
Remittance Advices
Sales Invoices
What is the primary purpose of a statement of account?
To detail the company's employee benefits
To outline the company's financial goals
To list all the products available for purchase
To provide a summary of all transactions with a supplier
Which document is typically used to request payment from a customer?
Delivery note
Sales invoice
Credit note
Purchase order
What is the main advantage of using a to-do list for time management?
It helps in tracking expenses
It ensures tasks are completed on time
It provides a detailed financial report
It outlines the company's mission statement
