Source Documents Quiz
6 multiple-choice questions with answers and explanations · 3 easy, 3 medium
Invoices, credit notes, debit notes, purchase orders and statements of account — what each document is for and which entry it supports.
- 1Source Documents in Accounting: What Is a Purchase Order?Which source document does a BUYER send to a supplier to request goods at an agreed price?easy
- 2Source Documents: What Is a Credit Note Used For?A seller issues a credit note to a customer when:easy
- 3Source Documents: Which Document Records Cash Paid into the Bank?Which source document provides the evidence for cash and cheques paid into the business bank account?easy
- 4Source Documents: Debit Note vs Credit NoteA buyer returns faulty goods and sends the supplier a document asking for the amount owed to be reduced. This document is a:medium
- 5Source Documents: Statement of Account from a SupplierA statement of account sent by a supplier at the end of each month is used mainly to:medium
- 6Why Source Documents Matter: Evidence for an Accounting EntryThe main reason every entry in the books should be supported by a source document is that the document:medium