20:00

PDF|

Guide for AAT Practice Test

Quiz AAT Practice Test

Free Test
/ 10

Quiz

1/10
Bookkeeping transactions
Which of the following transactions would be recorded as a credit in the sales ledger?
Select the answer
1 correct answer
A.
Customer payment received for an invoice
B.
A new sale made on credit to a customer
C.
Payment made to a supplier for goods purchased
D.
Bank interest earned on the business account

Quiz

2/10
Control accounts and reconciliation
What is the primary purpose of a control account in accounting?
Select the answer
1 correct answer
A.
To record every individual transaction
B.
To summarize the total balances of subsidiary ledgers
C.
To track cash flow from operating activities
D.
To calculate depreciation on fixed assets

Quiz

3/10
Costing and budgeting basics
Which of the following is considered a fixed cost in costing and budgeting?
Select the answer
1 correct answer
A.
Raw materials
B.
Production wages paid per hour
C.
Rent of factory building
D.
Direct sales commission

Quiz

4/10
Ethics and professional practice
Which of the following best describes the principle of confidentiality in professional ethics?
Select the answer
1 correct answer
A.
Sharing client information only with their consent or legal obligation
B.
Disclosing all company secrets to improve transparency
C.
Ignoring data protection rules when handling minor details
D.
Allowing colleagues unrestricted access to client files

Quiz

5/10
Final accounts preparation
Which of the following is included in the preparation of a trial balance before final accounts?
Select the answer
1 correct answer
A.
Recording depreciation expenses
B.
Sorting transactions by date
C.
Listing all ledger balances
D.
Calculating gross profit margin

Quiz

6/10
Management accounting essentials
Which of the following best describes the primary purpose of management accounting?
Select the answer
1 correct answer
A.
To prepare financial statements for external stakeholders
B.
To provide information for internal decision-making and control
C.
To ensure compliance with tax regulations
D.
To audit financial records for accuracy

Quiz

7/10
VAT and direct taxation
Which of the following is a correct description of VAT registration threshold for a business?
Select the answer
1 correct answer
A.
A business must register for VAT if its taxable turnover exceeds £85,000 in a 12-month period
B.
VAT registration is optional regardless of turnover for all businesses
C.
A business must register for VAT if its taxable turnover exceeds £150,000 in a 12-month period
D.
VAT registration is only required if the business trades internationally

Quiz

8/10
Bookkeeping transactions
When a business returns goods to a supplier, which bookkeeping entry is made?
Select the answer
1 correct answer
A.
Debit purchase returns account, credit cash/bank account
B.
Debit supplier account, credit purchase returns account
C.
Debit purchase returns account, credit supplier account
D.
Debit purchases account, credit supplier account

Quiz

9/10
Control accounts and reconciliation
When reconciling the accounts receivable control account, which of the following items would NOT typically cause a difference between the control account and the subsidiary ledger?
Select the answer
1 correct answer
A.
Unrecorded credit notes issued to customers
B.
Bank interest charged directly by the bank
C.
Timing differences in recording receipts
D.
Errors in posting amounts to the subsidiary ledger

Quiz

10/10
Costing and budgeting basics
What is the primary purpose of a budget in cost management?
Select the answer
1 correct answer
A.
To record actual expenses only
B.
To set financial targets and control costs
C.
To determine tax liabilities
D.
To establish product pricing exclusively
Looking for more questions?Buy now

AAT Practice Test Practice test unlocks all online simulator questions

Thank you for choosing the free version of the AAT Practice Test practice test! Further deepen your knowledge on Assessment Test Simulator; by unlocking the full version of our AAT Practice Test Simulator you will be able to take tests with over 350 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 350 questions.

BUY NOW

What to expect from our AAT Practice Test practice tests and how to prepare for any exam?

The AAT Practice Test Simulator Practice Tests are part of the Assessment Test Database and are the best way to prepare for any AAT Practice Test exam. The AAT Practice Test practice tests consist of 350 questions divided by 7 topics and are written by experts to help you and prepare you to pass the exam on the first attempt. The AAT Practice Test database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with AAT Practice Test Simulator will also give you an idea of the time it will take to complete each section of the AAT Practice Test practice test . It is important to note that the AAT Practice Test Simulator does not replace the classic AAT Practice Test study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the AAT Practice Test exam.

BUY NOW

AAT Practice Test Practice test therefore represents an excellent tool to prepare for the actual exam together with our Assessment Test practice test . Our AAT Practice Test Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our AAT Practice Test Simulator and how our unique AAT Practice Test Database made up of real questions:

Info quiz:

  • Quiz name:AAT Practice Test
  • Total number of questions:350
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:7 Topics
Study topics:Number of questions:
  • Bookkeeping transactions:50 Questions
  • Control accounts and reconciliation:50 Questions
  • Costing and budgeting basics:50 Questions
  • Ethics and professional practice:50 Questions
  • Final accounts preparation:50 Questions
  • Management accounting essentials:50 Questions
  • VAT and direct taxation:50 Questions

You can prepare for the AAT Practice Test exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our AAT Practice Test Simulator.

Use our Mobile App, available for both Android and iOS devices, with our AAT Practice Test Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all AAT Practice Test practice tests which consist of 350 questions that are divided by 7 topics and also provide study material to pass the final AAT Practice Test exam with guaranteed success. Our AAT Practice Test database contain hundreds of questions and Assessment Test Tests related to AAT Practice Test Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW