NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam - NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam

Question 1

A business sells goods on credit to Juma for TZS 500,000. How should this transaction be recorded in the general ledger?

Debit Juma's Account TZS 500,000; Credit Sales Account TZS 500,000 Debit Sales Account TZS 500,000; Credit Juma's Account TZS 500,000 Debit Cash Account TZS 500,000; Credit Sales Account TZS 500,000 Debit Juma's Account TZS 500,000; Credit Cash Account TZS 500,000

Correct Answer:

Debit Juma's Account TZS 500,000; Credit Sales Account TZS 500,000

Question 2

A business receives a cheque from a debtor for TZS 98,000 in full settlement of an invoice of TZS 100,000. How is this recorded in the three-column cash book?

Debit Bank TZS 98,000 and Debit Discount Allowed TZS 2,000 Debit Bank TZS 98,000 and Credit Discount Received TZS 2,000 Credit Bank TZS 98,000 and Credit Discount Allowed TZS 2,000 Debit Bank TZS 100,000 and Credit Discount Allowed TZS 2,000

Correct Answer:

Debit Bank TZS 98,000 and Debit Discount Allowed TZS 2,000

Question 3

Under an imprest system, a petty cashier is given a float of TZS 150,000. During the month, the cashier makes payments totaling TZS 112,500. How much will the petty cashier receive to restore the float?

TZS 112,500 TZS 37,500 TZS 150,000 TZS 262,500

Correct Answer:

TZS 112,500

Question 4

A company's cash book shows a debit balance of TZS 450,000. Upon checking the bank statement, the bank has charged TZS 15,000 for service fees and a customer paid TZS 120,000 directly into the bank. What is the adjusted cash book balance?

TZS 555,000 TZS 345,000 TZS 570,000 TZS 435,000

Correct Answer:

TZS 555,000

Question 5

Which of the following errors would cause the totals of a trial balance to disagree?

Posting TZS 45,000 to the debit side of the purchases account, and TZS 54,000 to the credit side of the supplier's account Completely omitting to record a sales transaction of TZS 120,000 Entering a cash sale of TZS 80,000 in both the sales account and the cash account as TZS 8,000 Debiting a purchase of office equipment to the office stationery account

Correct Answer:

Posting TZS 45,000 to the debit side of the purchases account, and TZS 54,000 to the credit side of the supplier's account

Exam overview

About this Exam

Prepare with the NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam practice quiz. This question bank includes 100 questions covering business, sales, year, balance, and value. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam

This practice set contains 100 questions from the matching question bank and focuses on business, sales, year, balance, and value. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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NBAA ATEC Practice Questions - NBAA Accounting Technician Certificate ATEC Exam

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