VIP Exclusive
AAT Level 2 Foundation Certificate in Accounting — VIP Practice Exam 3
AAT L2 — This exam mirrors the AAT Level 2 Foundation Certificate in Accounting, awarded by the Association of Accounting Technicians (AAT). It is assessed through computer-based assessments (CBAs) across five units: Bookkeeping Transactions (BTRN), Bookkeeping Controls (BKCL), Elements of Costing (ELCO), Using Accounting Software (UACS), and Work Effectively in Finance (WEFN). Each unit is assessed separately; the pass mark for each CBA is 70%.
54
Questions
90m
Time Limit
70.00%
To Pass
Question 1 of 54👑 VIP
Fernwood Supplies receives a credit note from a supplier for £340 plus VAT at 20%. The goods were returned because they were damaged on delivery. Which of the following correctly records this transaction in Fernwood's books?
Questions 2–54 and full explanations are VIP-exclusive.