Foundation Certificate Initial Assessment

Introduction

Foundation Certificate Initial Assessment

If you feel that you are not ready to enrol straight on to AAT Foundation Certificate - this quiz will help you decide.

Once you have completed the assessment, please click submit and your results will appear automatically.

This assessment contains 2 Sections. You should attempt EVERY task.

Each task is independent and you will not need to refer to the answers from a previous task.

Read every 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.

The standard rate of VAT is 20%.

You must use a full stop to indicate a decimal point. For example write 152.75 NOT 152,75 or 152 75.

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

Where you need to enter a date it should be in the format DD/MM/YYYY. Do NOT use DD.MM.YY or DD-MM-YY.

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Section 1

Task a

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 b

Premier Building Supplies 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.

a) Calculate the subtotal for all the items sold

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

c) Calculate the total figure to show on the invoice

Task c

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

What is the cost of EACH trowel?

Task d

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 e

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 f

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

Task g

From the following list, identify:

a) The smallest number

b) The largest number

Task h

From the following list, identify:

a) The smallest number

	_______
√	121

3²

17/4

(4 ÷ 0.5)

b) The largest number

	_______
√	121

3²

17/4

(4 ÷ 0.5)

Task i

What is the missing number?

5 x ? = 80 ÷ 2

Task j

What is the next number in the sequence?

1,4,9,16,25,_

Section 2

Task a

Select the correct word to complete the sentence.

The cost of the goods higher than last month.

Task b

Select the correct word to complete the sentence.

The directors were justified in making decision.

Task c

Is this statement fact or opinion?

Everyone was surprised at the result.

Task d

Select the most suitable word to complete the sentence.

The instructions were very clear and certainly not .

Task e

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 f

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 g

The following sentence contains THREE errors. Identify each of them in order.

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

, ,

Task h

Select the correct words to complete the sentence.

The business had annual audit. a requirement that every company has one.

Task i

Select the most suitable word to complete the sentence.

The houses were very grand and were built in the most part of town.

Task j

Is this statement fact or opinion?

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

Assessment Complete

You have now completed this assessment.

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