Financial records

Financial records

9th - 11th Grade

22 Qs

quiz-placeholder

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Financial records

Financial records

Assessment

Quiz

Business

9th - 11th Grade

Practice Problem

Medium

Created by

Conor Sutton

Used 33+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business keeps various types of financial records to monitor its performance and ensure that ____ are paid.

minimum wages

bonuses

tips

taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a buyer orders goods/services from a seller = ???

Receipt

Purchase order

Balance sheet

Credit note

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Used when goods are delivered to the buyer = ???

Delivery document

Delivery contract

Delivery record

Delivery note

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Used to show that goods have been received = ???

Goods received note

Goods received slip

Goods received ticket

Goods received certificate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Details the amounts owed by a customer for the goods they have made an order for = ???

Goods received note

Credit note

Invoice

Profit and loss statement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Used when a customer returns faulty goods to the seller = ???

Refund acceptance note

Debit note

Invoice

Credit note

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Document that provides proof of purchase = ???

Cash flow forecast

Statement of account

Receipt

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