Bookkeeping Transactions ADDITIONAL QUESTION BANK QUESTIONS PDF
Preview Bookkeeping Transactions ADDITIONAL QUESTION BANK QUESTIONS
aat AQ2016 Bookkeeping Transactions ADDITIONAL QUESTION BANK QUESTIONS We are grateful to the Association of Accounting Technicians for permission to reproduce past assessment materials. The solutions have been prepared by Kaplan Publishing. Published by Kaplan Publishing UK Unit 2 The Business Centre Molly Millars Lane Wokingham RG41 2QZ The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, other than for the sole purpose of making this publication available to the students of the college, to whom this publication has been sent by Kaplan Publishing, who have purchased the relevant Kaplan Publishing Textbook/Workbook for this unit. © Kaplan Financial Limited, 2016 P.2 KAPLAN PUBLISHING INTRODUCTION This tutor question bank is designed for use by Kaplan colleges and external colleges who have adopted Kaplan Publishing’s study material for this assessment. We respectfully draw your attention to the copyright page of this publication and would remind you that you should take every reasonable care to observe the restrictions placed on you and your students’ use of this material. This bank contains additional activities graded into two types: • some are designed to help students struggling with a topic (support questions), and • others are designed to challenge the more able student (advanced questions). The contents page lists the topics which this question bank covers. These topics broadly correspond with the order of the topics in the text book. INDEX TO QUESTIONS AND ANSWERS Support Advanced Question Answer Question Answer page page page page Chapter 1 Business documents 2 138 – – Chapter 2 Books of prime entry 14 148 90 218 Chapter 3 Double entry bookkeeping – 19 153 92 220 introduction Chapter 4 Ledger accounting 25 159 94 222 Chapter 5 Accounting for credit sales, VAT 30 165 98 225 and discounts Chapter 6 Accounting for credit 40 174 105 228 purchases, VAT and discounts Chapter 7 Control accounts and subsidiary 45 179 109 230 ledgers Chapter 8 Payments and receipts 64 196 113 234 KAPLAN PUBLISHING P.3 P.4 KAPLAN PUBLISHING SUPPORT QUESTIONS AAT BTRN : BOOKKEEPING TRANSACTIONS CHAPTER 1 BUSINESS DOCUMENTS 1 LITTLE MISS MUFFINS CAKE SHOP A supply of cake boxes has been delivered to the Little Miss Muffins Cake Shop by Avril’s Catering Supplies. The purchase order sent from the Little Miss Muffin Cake Shop and the invoice from Avril’s Catering Supplies are shown below: Little Miss Muffin Cake Shop 1 Baker Street London WC1 8QT Purchase Order no. 1067 To: Avril’s Catering Supplies Date: 7 June 2012 Please supply 50 cake boxes product code 195223. Purchase Price: £70 per 50 plus VAT 2 KAPLAN PUBLISHING QUESTIONS Avril’s Catering Supplies Unit 4 James Industrial Estate Lanford Road Middlesex TW1 7PS Invoice Number 3324 25 June 2012 50 cake boxes product code 195232 £70.00 VAT £21.00 –––––– Gross £91.00 Terms: 30 days net Check the invoice against the purchase order and note the errors/omissions below. KAPLAN PUBLISHING 3 AAT BTRN : BOOKKEEPING TRANSACTIONS 2 BALOTELLI Balotelli Supplies have sent a purchase order to Ferguson Training. You are required to prepare the invoice from Ferguson Training to Balotelli Supplies based on the information provided on the purchase order. Balotelli Supplies 11 Main Road Manchester M1 2PW Purchase Order no. 40 To: Ferguson Training Date: 30 June 2012 Please supply 1,000 footballs product code MC2012. Purchase Price: £1 each plus VAT 4 KAPLAN PUBLISHING QUESTIONS Ferguson Training Unit 1 Old Trafford Road Champion Park Manchester M11 3HU VAT reg no: 618 2201 63 To: Balotelli Supplies 11 Main Road Manchester M1 2PW Invoice Number 123 10 July 2012 footballs product code VAT Gross Terms: 30 days net Workings: KAPLAN PUBLISHING 5 AAT BTRN : BOOKKEEPING TRANSACTIONS 3 MULTI CHOICE Which of the following documents is not associated with the sales records of a company? A Delivery note B Quotation C Petty cash claim D Invoice Which of the following are used in a coding system for accounting transactions? A Department code B Nominal ledger code C Product code D All of the above Which of the following information is not likely to be included on a sales invoice? A Customer name B Description of goods C Date D Receivables ledger control account number 6 KAPLAN PUBLISHING
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