Welcome to your Advanced Excel Assessment - Please note that you will only have one chance to answer the questions within the 15-minute time limit, please take care when answering - as one wrong question is the difference between passing or failing.
The timer will start as soon as you click next.
Good Luck!
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1.
What software is typically used for VAT and PAYE registrations?
2.
When processing petty cash transactions, what is the recommended process for ensuring accuracy?
3.
A post articles clerk is trying to register a new company for VAT using GreatSoft, but the system is not allowing them to complete the registration. What should they do?
4.
You are a post articles clerk at a law firm in South Africa and have been tasked with preparing a VAT submission for a client. The client operates a small business that sells handmade crafts and has an annual turnover of R1.2 million. The VAT period is for the month of April 2023. Prepare the necessary documents for the VAT submission and calculate the VAT liability.
5.
A post articles clerk is attempting to reconcile a bank statement in Sage Pastel, but the system is not recognizing some of the transactions. What should they do?
6.
What software is used to reconcile bank statements?
7.
Which software is typically used for preparing and compiling annual financial statements?
8.
When recording transactions in the General Ledger, what is the recommended process for ensuring accuracy?
9.
You are a post articles clerk at a law firm in South Africa and have been tasked with wrapping up the deceased estate of a client. The client passed away in March 2023, leaving behind a Last Will and Testament. The estate includes a house, a car, and a bank account with a balance of R500,000. Prepare the necessary documents and take the necessary steps to wind up the deceased estate. Please list and explain the steps in the process.
10.
Which of the following is the first step when reconciling a bank statement?
11.
Which software is typically used for bookkeeping services?
12.
What software is typically used for processing cash book?
13.
When processing suppliers, what is the recommended process for ensuring accuracy?
14.
A post articles clerk has noticed that VAT has been incorrectly calculated on a recent invoice. What should they do?
15.
A post articles clerk has just completed processing a new supplier in Sage Pastel, but when they try to enter an invoice for that supplier, the system does not recognize the supplier. What is the likely issue?
16.
When preparing and compiling Annual Financial Statements, what is the recommended process for ensuring accuracy?
17.
You are a post articles clerk at a law firm in South Africa and have been tasked with registering a PTY LTD company for a client. The client plans to operate a small business that will provide IT services to clients in South Africa. Prepare the necessary documents for the PTY LTD company registration and explain the process.
18.
When reconciling VAT accounts, what is the recommended process for ensuring accuracy?
