Introduction

Level 2 Certificate in Accounting Skills Check

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This assessment contains 2 Tasks and you should attempt EVERY Task.

Read each task carefully to make sure you understand what is required.

Both minus signs and brackets can be used to indicate negative numbers UNLESS the task states otherwise.

Numerical answers MUST NOT include any blank spaces and you MUST use a full stop to indicate a decimal point. For example, write 999.99 and NOT 999,99 or 999 99.

You may use a comma to indicate thousands, but you don’t have to. For example, 150000 and 150,000 are both acceptable.

Once saved, you will be able to restore or remove your most recent data should you need to reload the assignment at a future point.

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Task 1

Task 1a

Premier Trading makes both cash and credit sales. Last month there were £5,000 credit sales and £1,250 cash sales. What percentage of ALL sales are cash sales?

%

Task 1b

  • Premier Trading sells the following items to a customer:
    • 5 handsaws @ £10.00 each
    • 8 trowels @ £8.50 each
    • 6 club hammers @ £15.00 each

All the above prices are shown before VAT.

Calculate the subtotal for all the items sold.

£

Calculate the amount of VAT to charge (at 20%).

£

Calculate the total figure to show on the invoice.

£

Task 1c

Premier Trading has seen a special offer; 50 Finishing Trowels for £1,862.50.

What is the cost of EACH trowel?

£

Task 1d

  • Premier Trading makes the following daily sales:
    • Monday £1,850
    • Tuesday £1,900
    • Wednesday £2,550
    • Thursday £1,750
    • Friday £2,900

Calculate the average daily sales.

£

Task 1e

  • A business sells goods to China as well as the UK.
    • Sales to UK £1,080,000
    • Sales to China £720,000

What is the ratio of sales to China to UK sales?

:

Task 1f

An employee earns £9.00 per hour. Overtime is paid at time and a third. What is the rate of pay for overtime?

£

Task 1g

From the following list, identify:

The smallest number

The largest number

Task 1h

From the following list, identify:

The smallest number

√
121
32 17/4 (4 ÷ 0.5)

The largest number

√
121
32 17/4 (4 ÷ 0.5)

Task 1i

What is the missing number?

5 x

= 80 ÷ 2

Task 1j

What is the next number in the sequence?

1,4,9,16,25,

 

Task 2

Task 2a

Select the correct word to complete the sentence.

The cost of goods sold

higher than last month.

Task 2b

Select the correct word to complete the sentence.

The directors were justified in making

decision.

Task 2c

Is this statement fact or opinion?

Everyone said they were surprised at the result.

Task 2d

Select the most suitable word to complete the sentence.

The instructions were very clear and certainly not

Task 2e

Select an appropriate antonym from the list which means the opposite of the word in red.

The solicitor told his client that he had a strong case.

Task 2f

Select the most suitable word to complete the sentence.

In the circumstances it would

been much better to have bought the van than to lease it.

Task 2g

The following sentence contains 3 errors, identify them in order by providing the correct word or punctuation mark.

If I were to propare the financial statements, would you be able to cheque them.

,

,

Task 2h

Select the correct words to complete the sentence.

The business had

annual audit.

a requirement that every company has one.

Task 2i

Select the most suitable word to complete the sentence.

The houses were very grand and were built in the most

part of town.

Task 2j

Is this statement fact or opinion?

The sales are expected to be in excess of £1 million by the end of the month.

 

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Assignment Complete

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