Accounting for non-accountants – Practice Questions

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1 Introduction

Questions

2 Processing receipts and payments

2.1 Questions

2.2 Questions

2.3 Questions

2.4 Questions

2.5 Questions

2.6 Questions

2.7 Questions

3 VAT calculations and returns

Questions

4 Preparation of financial accounts

4.1 Questions

4.2 Questions (1-3)

4.2 Question 4

4.2 Question 5

4.2 Question 6

4.2 Question 7

5 Assessing profitabih4ty and liquidity

5.1 Questions

5.2 Questions

5.4 Questions

6 Costing and pricing the product

Questions

7 The use of budgets in control

Questions (1-3)

Question 4

8 Investment appraisal

Questions

9 Preparing a business plan and cash flow forecast

Questions (1-6)

Question 7

Question 8