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. Is that statement true? “One of the limited uses of the share premium account is to finance the issue of partly paid bonus shares to existing members”.

 
 

Question 1 of 20

2. A 4% preference share is entitled to

 
 
 
 

Question 2 of 20

3. In a situation where the Court is faced with having to interpret statute, the Court will apply the Golden Rule if the application of the Literal Rule would lead to *****.   What is *****?

Question 3 of 20

4. Is it always true that a company exists from the date which is shown on the certificate of incorporation?

 
 

Question 4 of 20

5. What is the meaning of “ratio decidendi”?

 
 
 
 

Question 5 of 20

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

 
 
 
 

Question 6 of 20

7. What is the translation of “quantum meruit?

 
 
 
 

Question 7 of 20

8. What sort of remedy is “rectification”?

 
 

Question 8 of 20

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

 
 
 

Question 9 of 20

10. What sort of remedy is “damages”?

 
 

Question 10 of 20

11. “Insanity of a partner is an automatic ground for the dissolution of a partnership”. Is this statement true?

 
 

Question 11 of 20

12. Is that statement true? “A person becomes a member of a company when they have successfully bought shares in the company”

 
 

Question 12 of 20

13. 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 13 of 20

14. Is this statement true? “The duty of care owed by accountants is greater when advising on take-overs than when auditing”.

 
 

Question 14 of 20

15. When an employee is dismissed not for a statutory reason nor for a fair reason, this would be classified as what type of dismissal?

 
 
 
 

Question 15 of 20

16. “Overruling” an earlier decision means what?

 
 
 
 

Question 16 of 20

17. “Participation in an unofficial industrial action is not an automatically fair reason for dismissal”. Is that statement true?

 
 

Question 17 of 20

18. Is this statement true? “On a liquidation, all debenture holders are paid in priority to the members.”

 
 

Question 18 of 20

19. Is this statement true? “Special notice is required of an ordinary resolution in the event that a director is to be removed from office”

 
 

Question 19 of 20

20. Where a person has, historically, been allowed to act as though they were a Chief Executive Officer, the other directors would be **** from denying that title. Complete the gap

Question 20 of 20