AAT Basic Accounting 2 Assignment 1
11 Questions
| Total Attempts: 355
Before attempting this assignment you should have read chapters 1 to 4 of your Osborne Book ”BASIC ACCOUNTING 2” and attempted the relevant chapter activities in your WORKBOOK. The pass mark for the assignment is 70% - should you fail then please review the areas where you are weak. If you are still having problems then please do not hesitate to contact AATFree Good Luck!
Questions and Answers
- 1.A paper-based direct payment through the banking system with a three day clearance cycle is called a bank giro credit.
- A.
True
- B.
False
- 2.What do the letters BACS stand for : ______________ _____________________ ___________________ _____________________
- 3.A regular BACS payments, set up with the bank by the customer paying the amounts is called a _______ _________
- 4.A regular and variable BACS payments, set up by the organisation receiving the payments is called a _______ _______
- 5.A high value, same day, payments sent through the banks’ computer systems is called a CHIPS payment
- A.
True
- B.
False
- 6.A cheque written out by a bank – as good as cash – used for high value purchases is called a Bank Draft
- A.
True
- B.
False
- 7.A cheque is returned to the business which has paid it in marked 'Refer to Drawer'. This means that the issuer of the cheque does not have sufficient funds in the account to cover the cheque.
- A.
True
- B.
False
Before attempting this assignment you should have read chapters 1 and 2 of your Osborne Book ”BASIC COSTING" and attempted the chapter activities in your WORKBOOK.
The pass mark for the assignment...
Questions: 37 | Attempts: 1670 | Last updated: May 3, 2013
-
Sample QuestionRaw materials, work in process and finished goods are the three types of inventory held by which of the following types of companies?
Before attempting this assignment you should have read chapters 1 to 3 of your Osborne Book ”WORKING EFFECTIVELY IN ACCOUNTING” Tutorial and attempted the relevant chapter activities in your...
Questions: 34 | Attempts: 1625 | Last updated: May 6, 2013
-
Sample QuestionRecording, analysing and reporting financial information is called:
Before attempting this assignment you should have read chapters 1 to 8 of your Osborne Book ”BASIC ACCOUNTING 2” and attempted the relevant chapter activities in your WORKBOOK.
The pass mark for the...
Questions: 19 | Attempts: 352 | Last updated: May 3, 2013
-
Sample QuestionWhen T Ltd makes out a cheque for £200 and sends it to X Ltd , then T Ltd is known as:
Which U.S. City Is Suitable for Your Personality Type? Quiz!
Which U.S. City Is Suitable for Your Personality Type? Quiz!
What is The Perfect Gift for Your Best Friend Quiz
What is The Perfect Gift for Your Best Friend Quiz
Back to top