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IAB Bookkeeping VIP Certification Practice Exam (Level 2/3 Standard)
IAB — Mirrors the International Association of Bookkeepers (IAB) Level 2 and Level 3 Certificate in Bookkeeping examinations — Ofqual-regulated UK qualifications assessed through timed knowledge tests and skills-based assessments covering double-entry bookkeeping, VAT, control accounts, reconciliations and period-end adjustments, with a pass threshold of approximately 70%.
28
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 28👑 VIP
Marta runs a small furniture workshop registered for UK VAT. On 14 March she purchases timber on credit from Northwood Supplies for £960 plus VAT at 20%. Which entries correctly record this transaction in her general ledger?
Questions 2–28 and full explanations are VIP-exclusive.