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. What sort of remedy is “injunction”?

 
 

Question 2 of 20

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

 
 

Question 3 of 20

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

 
 

Question 4 of 20

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

 
 

Question 5 of 20

6. What majority voting in favour is required to pass a special resolution?

 
 
 
 

Question 6 of 20

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

 
 

Question 7 of 20

8. A 4% preference share is entitled to

 
 
 
 

Question 8 of 20

9. What sort of resolution is required if a company wishes to change the company name?

 
 
 
 
 

Question 9 of 20

10. 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 10 of 20

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

 
 
 
 

Question 11 of 20

12. What sort of remedy is “rescission”?

 
 

Question 12 of 20

13. An annual general meeting requires a notice period of how many days?

 
 
 
 

Question 13 of 20

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

 
 

Question 14 of 20

15. 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 and all members vote?

 
 
 
 

Question 15 of 20

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

 
 
 
 
 
 

Question 16 of 20

17. Is this statement true? “At a general meeting of the company, the debenture holders’ votes are counted before those of the equity shareholders”

 
 

Question 17 of 20

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

 
 

Question 18 of 20

19. The “Boots case” illustrates what principle of law?

 
 
 
 

Question 19 of 20

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

 
 
 

Question 20 of 20