F4 Revision Test (ENG)

Please take ACCA F4 Revision Test

To complete the quiz you must answer all 20 questions, then you will be shown the results and the correct answers.

(This quiz selects 20 questions at random from the bank of over 100 questions, so do try the test again)


1. Where a company has equity shares of $1 each with a mid-market price of £2.40, the minimum amount for which any new shares can be issued is?

 
 
 
 
 

Question 1 of 20

2. Is this statement true? “In a private company, any resolution may be passed as a written resolution”

 
 

Question 2 of 20

3. What sort of remedy is “injunction”?

 
 

Question 3 of 20

4. With reference to “intention” what is the normal attitude of the Court to a contract between husband and wife?

 
 
 
 

Question 4 of 20

5. Is summary dismissal ever justified?

 
 

Question 5 of 20

6. What is the highest court in the English legal system?

 
 
 
 

Question 6 of 20

7. Complete the sentence “The duties owed by a promoter are collectively known as ***** duties”

Question 7 of 20

8. An “alternate director” may best be described as:

 
 
 
 
 

Question 8 of 20

9. Is that statement true? “Where a public company enters a trading contract before it has obtained a trading certificate, the contract is void”.

 
 

Question 9 of 20

10. In order that a company may reduce its share capital, it requires three authorities. Which one below is NOT one of them?

 
 
 
 

Question 10 of 20

11. Is it true that death of the offeror has the effect that the offer is no longer capable of acceptance?

 
 

Question 11 of 20

12. There are three essential elements of a contract. Two of them are “agreement” and “intention”. What is the third element?

 
 
 
 

Question 12 of 20

13. To be classed as an independent contractor much depends on three tests. Which test is NOT one of them?

 
 
 
 

Question 13 of 20

14. Is there such a beast as an unlimited company?

 
 

Question 14 of 20

15. Whose responsibility is it to call / convene a general meeting of the members of a company?

 
 
 
 
 
 

Question 15 of 20

16. If pre-tax profit is $40,000, post-tax profit is $36,000, and there are 10,000 50 cent 6% preference shares in issue, how much is the preference share dividend for the year?

 
 
 
 
 
 

Question 16 of 20

17. Is that statement true? The acts of a partner done in the course of the firm’s business do not bind the firm. Only the individual partner is liable”

 
 

Question 17 of 20

18. What principle could be described as “The cornerstone of English Law”?

 
 
 

Question 18 of 20

19. A 4% preference share is entitled to

 
 
 
 

Question 19 of 20

20. Is this statement true? “An alteration to the Articles allowing a majority to acquire compulsorily the shares of a minority has been shown not to be for the benefit of the company as a whole”.

 
 

Question 20 of 20