Answered 0 of 24. Practice questions are not the exam.
1. In Zeyto Construction & Contracting, what does the contract (a sales order) post when it is created?
2. A progress bill is made by entering:
3. Which status comes right after the project manager approves a progress bill?
4. VAT on an advance received of AED 105,000 (VAT included) is:
5. A variation order raises the contract value as soon as it is instructed.
6. Construction services supplied in the UAE are standard-rated at 5%.
7. The release of retention needs:
8. Certified gross is AED 500,000, retention 10%, VAT 5%. What is the tax invoice total?
9. Using the same certificate, how much retention does the client hold?
10. Bill 1 has certified gross AED 300,000. With retention 10% what is the VAT on the invoice?
11. On bill 1, what is the advance recovery with a 10% advance, gross basis?
12. On the same bill with the basis net of retention, the recovery is:
13. Bill 1 net receivable (invoice 283,500, advance recovery 30,000, advance VAT reversed 1,500) is:
14. Practical completion release of 50% of AED 100,000 retention held, plus VAT, is invoiced at:
15. Contract AED 5,000,000, retention cap 5%, AED 220,000 already held, certificate AED 500,000 at 10%. What retention is withheld?
16. Which of these are guards on a progress bill?
Select all that apply.
17. Which are true about the advance in Zeyto Construction & Contracting?
Select all that apply.
18. Delay damages: rate 0.05% per day on a contract of AED 1,000,000, 24 days late, 4 days extension of time. What do they amount to (no cap reached)?
19. A claim is AED 300,000 but the consultant certifies AED 285,000. What is the tax invoice total with retention 10% and VAT 5%?
20. Final account: original 1,000,000, variations 80,000, remeasurement -20,000, billed to date 900,000. What balance is due to bill?
21. A foreign design consultancy outside the UAE invoices your UAE contractor for design work. Which VAT mechanism generally applies?
22. FTA guidance says the certification of work alone creates the date of supply for VAT.
23. Under FTA guidance, retention held unpaid for more than 12 months after sign-off can create a date of supply.
24. Which statement about delay damages in Zeyto Construction & Contracting is correct?