Component 3 - Financial Records Topic 2

Which of the following is not benefit of producing financial documents?

• A) Ability to calculate revenues, costs and profits

• B) Maintains a record of all customers and suppliers

• C) It's a legal requirement

• D) It can be a time consuming and expensive process

Which of the following is used when buying goods from a supplier

• Purchase Order

• Delivery note

• Goods Received note

• Credit Note

Which of the following is used when confirming arrival of goods from a supplier?

• Purchase Order

• Delivery Note

• Goods Received Note

• Credit Note

Which of the following is used when a customer returns a good to a supplier?

• Purchase Order

• Delivery Note

• Goods Received Note

• Credit Note

Which of the following is used when a supplier sends goods to a customer?

• Purchase Order

• Delivery Note

• Goods Received Note

• Receipt

Which of the following is a request for money owed after goods have been received?

• Goods Received Note

• Credit Note

• Invoice

• Receipt

Which of the following can be used to compare against the purchase order before final payment is made?

• Goods Received Note

• Credit Note

• Invoice

• Receipt

Which of the following provides proof of purchase?

• Goods Received Note

• Credit Note

• Invoice

• Receipt

A card which deducts payment for goods and services immediately from your bank account is called ___________.

• Cash

• Debit Card

• Credit Card

• Direct Debit

A card which enables payments for goods and services to be deferred for a period of one month is called ___________.

• Cash

• Debit Card

• Credit Card

• Direct Debit