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AAT Skillcheck

Whether you're new to accounting or looking to develop existing skills, AAT Skillcheck can help you choose
the right qualification.
AAT Skillcheck will give you guidance on the best AAT qualification for you, based on your skills, knowledge
and experience.
Whether you're just starting out in the workplace, want to take control of your career or get recognition of
your skills, there is an AAT qualification that can help you to achieve your goal.
This short online test consists of multiple-choice questions and should take around 30 minutes to complete.
Questions cover double entry bookkeeping, bookkeeping controls, costing and business environment.
You'll be able to see your results and view our recommended qualification(s) and level(s) immediately. You'll
also be able to print your results to PDF so you can refer to them or share them with a training provider
and/or employer, enquire further with us about the qualification(s) and level(s) you've been recommended,
or search for a training provider.
Not quite ready for the Skillcheck? Why not use our Qualifications Navigator, to get an idea of the range of
qualifications on offer, that might suit your current situation.

Results overview
Completing the AAT Skillcheck has enabled us to align your current skills and knowledge with our
bookkeeping and accounting qualifications. This means we can give you recommendations on which
qualification(s) would be your best starting place.
Your answers to the questions have been assessed against a range of categories, and your outcome is:

Double entry bookkeeping 

 correct
Question 1: The accounting system is based on five classifications of accounts:
assets, liabilities, equity, income and expenses. Which of the following are
examples of expenses?

Correct answers:

Fuel for van

Office rent
Discounts allowed

correct
Question 2: What is the dual effect of purchasing a non-current asset on a
credit basis?

Correct answers:

Increase in assets and increase in liabilities

correct
Question 3: How is a VAT inclusive credit sale of £2,400 entered into the
organisation's accounting system? Note: VAT is charged at the rate of 20%.

Correct answers:

Debt: Receivables £2,400, Credit: Sales £2,000, Credit: VAT £400

correct
Question 4: You have placed an order with a VAT registered supplier who has
agreed a 2% trade discount and offered a 3% prompt payment discount. The
net value of the goods is £1,200. If you take both discounts, how much will you
pay the supplier? Note: VAT is charged at the rate of 20%.

Correct answers:

£1,368.86

correct
Question 5: Into which columns of an analysed cash book would you enter
data when recording a BACS payment made to a VAT registered credit
supplier?
Correct answers:

Date
Details
Bank
Payables

correct
Question 6: What are the double entry postings required to transfer
information from a purchase returns day book to the general ledger?

Correct answers:

Credit: Purchase returns with the total net amount

Credit: VAT with the total VAT amount
Debit: Payables with the total gross amount

Bookkeeping controls 

correct
Question 7: Which of the following figures would you expect to see on the
debit side of a receivables control account?

Correct answers:

Balance b/d
Gross total from the Sales Day Book

correct
Question 8: If the balance on an organisation's Payables Control account is
£17,400 and the total of the balances in the payables subsidiary ledger is
£17,200, what could account for the difference?

Correct answers:

An invoice has not been entered into a supplier's account in the subsidiary ledger

correct
Question 9: If the bank statement shows an overdrawn balance of £50, and
the cash book has a brought down debit balance of £60, what could account
for the difference?

Correct answers:

A receipt of £110 which has been recorded in the cash book and paid into the bank, but does
not appear on the bank statement

correct
Question 10: What are the postings required to write off an irrecoverable debt
of £2,940 including VAT? Select both the double entry and memorandum
postings. Note: VAT is charged at the rate of 20%.

Correct answers:

Debit: Irrecoverable debts £2,450

Debit: VAT £490
Credit: Receivables £2,940
Credit: the individual customer account £2,940

correct
Question 11: If an organisation has created a suspense account with a credit
balance of £1,500, which of the following errors could have caused the
suspense account and will therefore clear it, once corrected?

Correct answers:

The receipt for an insurance refund of £750 has been correctly entered into the cash book, but
posted as a debit to the insurance expense account

correct
Question 12: An organisation's trial balance does not balance at the end of a
period. Which types of error could have caused the imbalance?

Correct answers:

An error in the amount posted to one account relating to a transaction - so the debit and
credit entries are for different amounts
An arithmetical error when balancing an account
An arithmetical error when totalling the trial balance
 Costing 

correct
Question 13: A manufacturing organisation's electricity cost, for its finance
department, includes a cost per unit of energy used, as well as a standing
charge. How can this cost be classified in terms of its element, nature and
behaviour?

Correct answers:

Overheads
Indirect
Semi-variable

correct
Question 14: An organisation pays its employees a basic wage of £12.80 per
hour for a standard 35-hour week. Employees are expected to produce 18
units per hour and are paid a bonus of £0.60 per unit for any units produced
within the standard 35-hour week, in excess of the required amount. Overtime
is paid at a premium of £3.20 per hour on any hours worked in excess of the
standard 35 hours. If an employee works 39 hours and produces 810 units in
total, with 700 units being produced in the standard hours, how much will they
be paid?

Correct answers:

Basic wage of £499.20, plus a bonus of £42 and overtime premium of £12.80 equals gross pay
£554

correct
Question 15: An organisation uses AVCO to cost issues of inventory. The
opening balance consisted of 300 units valued at £360. At the start of the
period 110 units were purchased for £1.24 per unit, before 200 units were
issued to production. What is the value of the closing inventory?

Correct answers:

£254.40
 correct
Question 16: Which of the following statements are true in relation to the way
total and unit costs change as levels of output vary?

Correct answers:

Variable costs per unit will stay the same at different levels of output
Fixed costs per unit will change at different levels of output
The total cost per unit will change at different levels of output as it is likely to be a combination
of fixed, variable, semi-variable and/or stepped costs

correct
Question 17: An organisation's budget predicted a profit of £32,854. The
actual profit generated was £31,245. How much is the variance as a
percentage of the budgeted figure and is it adverse or favourable?

Correct answers:

4.90% adverse

Business environment 

correct
Question 18: An organisation that rents properties regularly places adverts
online when they are looking for new tenants. What do the adverts represent
in relation to a contract?

Correct answers:

An invitation to treat

correct
Question 19: Which of the following are required in order to set up a limited
company?

Correct answers:

A company name and address

Details of at least one shareholder and one director
Articles of Association
Registration with Companies House
 A memorandum of association showing details of the company's shares
A certification of incorporation

correct
Question 20: Ethically, to whom does an accountant have a duty?

Correct answers:

Accounting technicians have a public interest duty to society as well as to their clients and
employer

Recommended qualifications
Based on your answers, we’re able to recommend the following as ideal starting qualification(s) for you:

Level 3 6–12 months Level 3 6–12 months

AAT Level 3 AAT Level 3

Certificate in Diploma in
Bookkeeping Accounting
Learn enhanced skills (SCQF Level 7 in
and expertise in Scotland)
bookkeeping activities,
critical for the smooth Study this qualification
and efficient running of to learn higher
all finance accounting techniques
departments. and disciplines, and
qualify for AAT
bookkeeping
membership (AATQB).
Total cost: £213 Total cost: £472
Get your results and access to the AAT course and
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qualifications and courses and our career guide, helping you to see where our qualifications can take you.
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