CFAB - Accounting 1 - Revision - Chapter 3
Authored by Nguyen Gian
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A Quotation has been made ………… the sales order placed.
Before
After
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Sale orders are source documents that are recorded in the sales daybook. True or false?
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The debit note is a source document for goods return transactions.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Input VAT cannot be reclaimed if the expenditure has been made via petty cash. True or false?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a book of original entry?
Sales invoice
Purchase daybook
Sales daybook
Journal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an entity returns goods to a supplier it will expect to receive from the supplier…
An invoice
A credit note
A purchase invoice
A goods received note
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The contribution of employees in NI is ...
an expense of the company
A part of Net pay
a salary deduction
not included in Gross pay
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