Aat bookkeeping - Study guides, Revision notes & Summaries
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AAT Level 2 - Bookkeeping Transactions Questions and Answers 100% Pass
- Exam (elaborations) • 20 pages • 2024
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AAT Level 2 - Bookkeeping Transactions 
Questions and Answers 100% Pass 
 
What is the purpose of a sales invoice? 
 A sales invoice documents the sale of goods or services, detailing the amount owed by the 
customer. 
 
How are purchases recorded in bookkeeping? 
 Purchases are recorded as debits in the purchases account and credits in the accounts 
payable account. 
 
What is the function of a petty cash book? 
 A petty cash book tracks small, everyday expenses paid in cash, helping to manage ...
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AAT Level 2 - Bookkeeping Controls Questions and Answers 100% Pass
- Exam (elaborations) • 11 pages • 2024
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AAT Level 2 - Bookkeeping Controls 
Questions and Answers 100% Pass 
 
What is the function of a sales ledger in bookkeeping? 
 The sales ledger records all transactions related to sales on credit, including amounts owed 
by customers and details of each sale. 
 
How should discrepancies between internal records and the bank statement be addressed? 
 Discrepancies should be reviewed and investigated to determine the cause, and necessary 
adjustments should be made to ensure accuracy in the recor...
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Professional Bookkeeping with QuickBooks Online Questions with complete solution 2024
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Professional Bookkeeping with QuickBooks Online Questions with complete solution 2024 Professional Bookkeeping with QuickBooks Online, Bookkeeping Certification Course, AAT LEVEL 2 INTRO TO BOOKKEEPING 
 
Keeping track of the business transactions of your employer or clients - correct answer What is the primary role of a bookkeeper? 
 
Set compensation for employees - correct answer The key duties of a bookkeeper? 
 
You usually have a great opportunity to gain breadth of experience as a boo...
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Bookkeeper Practice Test Question and answers 100% correct 2024
- Exam (elaborations) • 17 pages • 2024
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Bookkeeper Practice Test Question and answers 100% correct 2024 Bookkeeper Practice Test, AAT Intro to Bookkeeping 
 
 
Laws passed by congress in 1933 and 1934 gave the SEC final say on matters of financial reporting by publicly owned corporations. 
True/False - correct answer True
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AAT Level 2 - Bookkeeping Controls questions with correct answers graded A+
- Exam (elaborations) • 5 pages • 2024
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AAT Level 2 - Bookkeeping Controls questions with correct answers graded A+
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Bookkeeping Basics Part 2. Question and answers verified to pass 2024
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Bookkeeping Basics Part 2. Question and answers verified to pass 2024 Bookkeeping Basics Part 2, Accounting Topic 2 Double Entry Book Keeping, Bookkeeping with Quickbooks, AAT Level 2 - Bookkeeping 
 
Revenue - correct answer Revenue represents the income your client earns through their business operations. It's their gross proceeds from sales, whether that's products, services, rentals, or anything else that bring money into the business. 
 
Expenses - correct answer Expenses represent t...
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AAT Level 2 - Bookkeeping Controls Exam Questions with Solutions
- Exam (elaborations) • 3 pages • 2024
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AAT Level 2 - Bookkeeping Controls Exam Questions with Solutions
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AAT level 2 Bookkeeping transactions Questions and Answers
- Exam (elaborations) • 4 pages • 2024
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AAT level 2 Bookkeeping transactions
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AAT Level 2 - Bookkeeping Controls Questions with correct Answers 100% Solved
- Exam (elaborations) • 3 pages • 2024
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AAT Level 2 - Bookkeeping Controls
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AAT Level 2 - Bookkeeping Transactions Exam Questions and Answers 100% Solved Guaranteed Success
- Exam (elaborations) • 13 pages • 2024
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AAT Level 2 - Bookkeeping Transactions 
Exam Questions and Answers 100% 
Solved Guaranteed Success 
What is the purpose of accounting? - To record and classify the 
businesses transactions accurately. 
What are the three types of business entities? - Sole Trader 
Partnership 
Limited Company 
What is a sole trade business? - The simplest form of business which is 
managed and owned by one person who is responsible for the profits and 
debts of the business. 
What is a partnership? - A business o...
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