ACCA Quizzes & Trivia
Enter your name and email address to take the Free MCQ Test on Accounting for Labour (ACCA F2 / FIA FMA).
Number of Questions: 7 questions
Time Available: 16 minutes
Your score will be available instantly on an...
Questions: 7 | Attempts: 931
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Sample QuestionAn employee is paid on a piecework basis as follows: 1 to 500 units - $0.50 per unit 501 to 1000 units - $0.75 per unit 1001 to 1500 units - $1.00 per unit Only the additional units qualify for the higher rates, and rejected units do not qualify for payment. During one day an employee produced 1200 units of which 32 were rejected. How much did the employee earn for the day?
Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA.
Number of Questions: 15 questions
Time Available: 36 mins
Your score will be available instantly along with the correct answers to all...
Questions: 15 | Attempts: 759
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Sample QuestionWhich of the following statements are true? The main users of financial accouting information are external to the organisation. Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.
Enter your name and email address to take the Free MCQ Test on Accounting for Materials (ACCA F2 / FIA FMA).
Number of Questions: 10 questions
Time Available: 24 minutes
Your score will be available instantly on an...
Questions: 10 | Attempts: 521
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Sample QuestionThe purchase price of an inventory item is $25 per unit. In each three month period the usage of the item is 20,000 units. The annual holding costs associated with one unit equate to 6% of its purchase price. The cost of placing an order for the item is $20. What is the economic order quanity for the inventory item to the nearest whole unit?
Questions: 11 | Attempts: 363
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Sample QuestionWhich of the following is the aim of taxation to discourage:
MCQ quiz of Chapter 5 of ACCA F6 Taxation (Pension)
Questions: 14 | Attempts: 191
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Sample QuestionTwo types of pension are Personal Pension and __________ Pension.
ACCA Questions & Answers
What is the economic order quantity for the inventory item to the nearest whole unit? The purchase price of an inventory item is $25 per unit. In each three month period, the usage of the item...
1,461. (2x20 x (4x20,00)/Co.06x25^0.5=1,461 Units. In marketing, carrying the cost of inventory or holding cost refers to the total cost of holding inventory, which includes cost such as rent expressed as a percentage of the cost of inventory. The ec
What is the optimal reorder quantity (to the nearest 100 units)?
Sky Limited wishes to minimize its inventory costs. At the moment its reorder quantity is 1,000 units. Order costs are $10 per...
1,700units
{[ 2 x 10 x (15,000)] / 0.10]}^0.5 = 1,732 units
What was the rate of labour turnover in the year? A company employed 5,700 employees at the end of a financial year. During the year 600 employees left the company and 360 were recruited.
1. 10.3%Employees at the beginning of the year = 5,700 360 + 600 = 5,940
Average number of employees = (5,700 + 5,940)/2 = 5,820
Labour turnover = (600/5,820) x 100% = 10.3%
A company manufactures Product Z in batches. Output capavity is 1,000 units of Product Z per week but demand is only 200 units per week. There are 50 weeks in each year. The annual cost of holding...
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1. 3,200 units{[ 2 x 800 x (200 x 50)] / [2 x (1 - (200 / 1,000))}^0.5 = 3,162 units or 3,200 units to the nearest 100 units.
Questions: 22 | Attempts: 160
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Sample QuestionWhich of the following is not a plant and is considered as building?
There are some laws that govern the type of relationship that exists between employees and their employers. As an accounting student, you should have a clear understanding of these laws when you go to the outside world....
Questions: 69 | Attempts: 63
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Sample QuestionAn employee -
Most relationships in the business environment are made through the use of agents. It is for this reason why there are some laws governing the agent and client relationship. Take up this revision quiz on agency law and...
Questions: 25 | Attempts: 38
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Sample QuestionContracts are made between the principal and the third party or directly with the agent.
Corporate and business law is one of the fun topics for an ACCA student to take. It gives them a view of the laws that govern the business industry. How much do you know about English law and the cases you have covered in...
Questions: 150 | Attempts: 33
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Sample QuestionA beneficiary may sue a trustee.
When it comes to production some of the input used can either be too expensive or affordable to make therefore leading to the decision of whether to buy or make. How good are you at analyzing the costs of these two and...
Questions: 23 | Attempts: 31
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Sample QuestionThe three elements of relevant costs:
Test of ACCA F6 Taxation Chapter 7: Taxation (Computing Trading Income)
Questions: 16 | Attempts: 28
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Sample QuestionProfit from sale of 34,000,000 yards of aircraft linen will be considered as capital gains rather than Trade.
Changes in the cost and volume of a product have an effect on the net income from an investment or production. Having a proper understanding on how these two increase or decrease profits can help put your business on the...
Questions: 5 | Attempts: 27
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Sample QuestionThe following underlying assumptions will limit the precision and reliability of a given cost-volume-profit analysis.
Quiz of Chapter 6 of ACCA F6 Taxation "Property Income".
Questions: 15 | Attempts: 22
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Sample QuestionIn the income tax computation, property income is classified as _______.
MCQ test for Chapter 2 of ACCA F6 Taxation - UK The Computation of Taxable Income and the Income Tax Liability
Questions: 25 | Attempts: 20
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Sample QuestionAlpha (DOB 1.1.1931) received £21,212 Building Society Interest during the tax year. The tax free allowance for Alpha for the tax year 2011/12 is:
Firms can be faced with deficits; this can be as a result of drawbacks in the planning process and other factors affecting the business. It is for this reason an accountant should be able to plan with minimum factors, Test...
Questions: 16 | Attempts: 20
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Sample QuestionLinear programming is used to:
Prepared By Neelvesh Naidoosowmy
Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA. Number of Questions: 15 questions Time Available: 35 mins Your score will be available instantly along...
Questions: 10 | Attempts: 18
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Sample Questionwhich of the following fucntions are fullfilled by a goods received note(GRN)? provides information to: (i) update the inventory records on receipt of goods (ii) check the price on the supplier's invoice (iii) check the quantity on the supplier's invoice (iv) update the inventory records every financial year
This test covers chapter 10 of the BPP (Trading Losses) for 2012 examinations.
Questions: 15 | Attempts: 18
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Sample Question1. Alpha has trading income of (£12,000) for the Y/E 30.9.2009, £8,000 for Y/E 30.9.2010 and £12,000 for Y/E 30.9.2011. The net trading income for tax year 2009/10 is:
This MCQ test is regarding the ACCA F6 Taxation paper of BPP Chapter 4 "Taxable and exempt benefits: The PAYE system".
Questions: 25 | Attempts: 18
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Sample QuestionExcluded employees are lower paid employees and not _____________ (with certain conditions).
From BPP study text, this is the quiz for ACCA Chapter 3 "Employment Income".
Questions: 15 | Attempts: 16
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Sample QuestionContract for services is _______________.
The English legal system is made up of different courts. The decisions made by courts in any situation stand when a similar case is bought forward. How well do you the different courts that exist in England and...
Questions: 51 | Attempts: 15
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Sample QuestionWhich of the following relate to Criminal Law
English Case Law
Questions: 150 | Attempts: 10
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Sample QuestionA beneficiary may sue a trustee.
MCQ quiz for the Chapter 9 of BPP Taxation (ACCA)
Questions: 25 | Attempts: 10
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Sample QuestionAlpha started trading on 1.10.2011 (YE – 30.6). Alpha prepared first set of accounts for 9 months. His profits for first four accounts prepared are £40,000, £50,000, £60,000 and £45,000. The basis period for the tax year 2011/12 is:
Are you an ACCA student taking up taxation this year? If you are looking for revision material on the national insurance contribution look no further, the quiz below is designed to help you get the best grades. Take it up and...
Questions: 8 | Attempts: 8
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Sample QuestionAlpha is employed and earns annual salary of £12,000. During July 2011, he also received a bonus of £1,000. He is paid monthly. In respect of his earnings of July, the Class 1 Primary NIC will be:
Having an ACCA certification puts an accountant at a better place to get a good accounting or finance job in many countries around the world. Hare you awaiting the final exam on ACCA? Take up the simple quiz below to revise...
Questions: 45 | Attempts: 6
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Sample QuestionThe following costs have arisen in relation to the production of a product: (i) Planning and concept design costs (ii) Testing costs (iii) Production costs (iv) Distribution and customer service costs In calculating the life cycle costs of a product, which of the above items would be included?
