2nd Source Documents

Source Documents

Mrs. Cousins

Multiple Choice

A source document is

• Where transactions are recorded after recording into the prime entry books

• Not an evidence to prove that the transaction occured

• Where transactions are recorded at last

• The origin of the information that is recorded into the accounting books

Multiple Choice

The business bought goods on credit from supplier

• Invoice received

• Invoice issued

• Receipt received

• Receipt issued

Multiple Choice

A customer paid cash for goods

• Invoice received

• Invoice issued

• Receipt received

• Receipt issued

Multiple Choice

State the purpose of a credit note.

• states the amount to be reduced from the invoice that was issued earlier.

• states the amount to be added on to the invoice that was issued earlier.

• states the amount the buyer owes the seller.

• tracks payments made by the business.

Multiple Choice

State the purpose of an invoice.

• States the amount to be reduced from the invoice that was issued earlier.

• Acts as evidence that the business has made a payment.

• States the amount the buyer owes the seller.

• States the amount to be added on to the invoice that was issued earlier.