source documents

The business bought goods on credit from supplier

• Invoice received

• Invoice issued

• Receipt received

• Receipt issued

A customer paid cash for goods

• Invoice received

• Invoice issued

• Receipt received

• Receipt issued

Source document to decrease payment to a supplier/seller

• Debit note received

• Debit note issued

• Credit note received

• Credit note issued

The business returned some faulty goods to supplier

• Debit note received

• Debit note issued

• Credit note recieved

• Credit note issued

What is the source document that is issued by the Seller when a customer buys goods on credit?

• Invoice

• Delivery Notes

• Debit Notes

• Credit Notes

• Purchase Order

Issued by the seller when receive payments from the buyer.

• Purchase Order

• Payment Voucher

• Debit Notes

• Credit Notes

• Receipt

The main aim of Accounting is

• Maintain ledgers for every assets and liabilities

• To provide information to users

• Produce a trial balance

• To record every single transaction

A source document is

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

• Where transactions are recorded at last

• Not an evidence to prove that the transaction occured

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

Source documents gives information that is recorded in the __________

• Trial Balance

• Prime Entry Books or Books of Original Entry

• General Journal

• Income Statement

Kaslan returns damaged goods to Sasini. In which book Sasini will record this transaction?

• Sales Return Journal

• Purchase Returns Journal

• Sales Journal

• Purchases Journal