Mock exam: Cash, bank and payments
Questions from every module of Cash, bank and payments.
20 questions, 30 minutes, no hints. Nothing is marked until you hand it in, then you see your score for each topic.
How a sitting works
- Every question is on one page, and the clock starts when you begin. You can change any answer until you hand the paper in, and it is handed in for you when the time runs out.
- Questions are drawn fresh each time, spread across every module the exam covers.
- Your result shows each topic, so you know which rooms to go back to.
- Score 70% or more to pass. Your first pass adds 100 marks.
What it covers
Payment methodsCash, cheques, cards and bank transfers: how each one works, what it costs, how fast it is and when to use it.The cash bookWrite up a cash book with analysis columns and VAT, balance it at the month end and post it to the ledgers.Petty cashA small float of notes and coins for small costs: how to run it, record it, top it up and prove that nothing is missing.Bank statementsRead a business bank statement, bring the cash book up to date from it, and prove the two agree with a bank reconciliation statement.Banking controlsThe checks that keep a business's money safe: paying in, approving payments, guarding cash, splitting duties and spotting a payment that looks wrong.
Questions
Is it free?
No. It needs Premium. The free rooms of Cash, bank and payments are the place to prepare.
How long is it?
20 questions in 30 minutes. The paper is handed in when the time runs out.
What is the pass mark?
70%. Your first pass adds 100 marks to your record.
Are the questions the same each time?
No. Each sitting draws new questions, spread across the 5 modules it covers.
Is it a real exam?
No. It is a practice paper on Ledger Drill, which is independent and not affiliated with AAT. Passing it is not a qualification.