Source Documents Quiz
Authored by Shaufa Rasheed
Business
8th Grade
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A source document is
The origin of the information that is recorded into the accounting books
The origin of the information that is taken from the accounting books
Not the origin of information that is recorded into the accounting books
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
When a customer buys goods on credit from the supplier, the supplier issues a document called (a)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Invoice is the source document for both
cash sales and cash purchases
Cash sales and credit purchase
Credit sales and credit purchases
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
◦Trade discount is the (a) in the selling price of the goods and allows businesses to buy in bulk from wholesalers at a cheaper rate.
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
◦Cash discount is given by the supplier on (a) payments.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a reason for issuing a debit note?
faulty and damaged goods
the price is under charged
goods are in good condition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit note is issued by the
Customer
Supplier
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