Business studies grade 7

Source documents provides --------- information used in preparing accounts.

• partial

• confidental

• original

• secret

Source documents serves as a documentary evidence of ------------ transactions.

• official and unofficial

• small and large

• internal and external

• cash and credit

A --------- is the owner of a bank account who writes out a cheque.

• drawer

• payer

• write

• banker

The amount on a cheque must be written in figures and in ---------.

• signs

• pictures

• words

• numerals

The following must be shown on an invoice, except the ------------.

• name and address of the seller

• description of goods sold

• quantity sold

• picture of the buyer

A machine used for calculating and printing details of transactions is known as a -----------.

• calculator

• computer

• cash register

• typewriter

A debit note can also be a/an -----------.

• complementary invoice

• supplementary invoice

• intermediate invoice

• external invoice

A -------- transaction occurs when cash is not paid immediately for goods bought.

The bank who is requested to pay a certain amount to a named person is called?

• Drawer

• Drawee

• Payer

• Payee

A document which serves as an evidence of payment is called---------.

• invoice

• receipt

• cheque

• debit note