Accounting Source Documents

Accounting Source Documents

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Jessica Mathewes

FREE Resource

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36 questions

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1.

FLASHCARD QUESTION

Front

What is a Sales Invoice used for?

Back

Credit sale; Revenue (stock sold on credit).

2.

FLASHCARD QUESTION

Front

Who issues a Sales Invoice?

Back

Seller.

3.

FLASHCARD QUESTION

Front

What key details are included in a Sales Invoice?

Back

Customer details, items sold, price, GST, total.

4.

FLASHCARD QUESTION

Front

What is a Purchase Invoice used for?

Back

Credit purchase; Expense or Stock (on credit).

5.

FLASHCARD QUESTION

Front

Who issues a Purchase Invoice?

Back

Supplier.

6.

FLASHCARD QUESTION

Front

What key details are included in a Purchase Invoice?

Back

Supplier name, goods bought, amounts, GST, total owed.

7.

FLASHCARD QUESTION

Front

What is a Receipt used for?

Back

Cash received; Revenue (e.g. from customer).

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