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AAT Access Lesson 1 - Recap Flashcards | StudBud
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AAT Access Lesson 1 - Recap
AAT Access Lesson 1 - Recap
15 terms
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StudBud Administration
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AAT Level 1 Access
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
Which 3 words describe how accounting information should be to be useful?
Complete, accurate and timely
Colourful, concise and accurate
Complete, accurate and only contain numbers
None of these
2
Which 3 practices contribute to efficient working?
I'm not sure
Staff appraisals, good planning, restricting internet access
Good teamwork, communication and planning
Staff training, customer entertaining, good communication
3
Organisations in the public sector aim to make a profit.
True
False
4
Which of these is an efficient work practice?
Keeping sensitive information confidential
Communicating to a team about deadlines they need to meet
I'm not sure
Reporting a health and safety hazard in the office
5
A colleague is struggling to submit a report by the end of the day. You should:
ask your colleague if you can do anything to help her
take your time over your own work to look busy all day
continue with your own work and leave early if you can
suggest to your colleague she rushes to complete it on time
6
A limited company's liability to pay its debts is limited to the amount invested in the company
False
True
7
Organisations in the private sector aim to make a profit.
True
False
8
Which one of these is an external customer of the accounts function?
The sales department
A supplier
An employee
The Managing Director
9
Which one of these is an external customer of the accounts department?
The production department
The bank
The human resources department
The accounts clerk
10
A partnership is a:
I'm not sure
public sector organisation
private sector organisation
charitable organisation
11
Making a profit is not the main aim of public and charitable organisations
False
True
12
Which of the following is an accounts department most likely to do?
Sell goods to customers
Prepare information on forecasts for sales and purchases
Recruit administration staff
Order goods for the business
13
Local councils are organisations in which sector?
Charitable sector
Private sector
I'm not sure
Public sector
14
Which of these might have to sell their home to repay the debts of the business?
I'm not sure
Limited company
Sole trader
15
The police service are in which sector?
Private sector
Public sector
Charitable sector
I'm not sure
