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

 
 

Question 1 of 20

2. Is that statement true? “As a general rule, an advert is taken to be an offer capable of acceptance”.  

 
 

Question 2 of 20

3. 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 3 of 20

4. ICC is the abbreviation for:

 
 
 
 

Question 4 of 20

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

Question 5 of 20

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

 
 

Question 6 of 20

7. In a company with 1,000 members, what is the MINIMUM number of members who must vote in favour in order to pass a special resolution?

 
 
 
 
 

Question 7 of 20

8. The terms may NOT be implied into a contract by

 
 
 
 

Question 8 of 20

9. Is this statement true? “If a private company wishes to have a company secretary, the person appointed must be appropriately qualified”

 
 

Question 9 of 20

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

 
 
 
 

Question 10 of 20

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

 
 

Question 11 of 20

12. Is this statement true? “The entry to balance the cash received on the event of a bonus issue of shares is to a combination of the share capital account and the share premium account”

 
 

Question 12 of 20

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

 
 
 
 
 
 

Question 13 of 20

14. At the first annual general meeting of a public company, what proportion of the directors must retire and (may) seek re-election?

 
 
 
 

Question 14 of 20

15. In very rare cases the Courts are prepared to look to see who are the actual beneficial owners of a company.   This is called:

 
 
 
 

Question 15 of 20

16. When an employer dismisses an employee without giving any notice is what kind of dismissal?

 
 
 
 
 

Question 16 of 20

17. In a tort case the defence volenti non fit injuria merely requires knowledge of the risk”. True? or False?

 
 

Question 17 of 20

18. 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 18 of 20

19. 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 19 of 20

20. In the definition of a contract, the word “agreement” can be divided into two distinct elements. What are those elements?

 
 
 
 
 
 

Question 20 of 20