Source Documents

Source Documents

7th - 9th Grade

20 Qs

quiz-placeholder

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Source Documents

Source Documents

Assessment

Quiz

Business

7th - 9th Grade

Practice Problem

Hard

Created by

Adekola Afolabi

Used 166+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Documents prepared immediately after a transaction takes place is called

first document

source document

open document

transaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sandra bought some snacks from Genesis and paid with his Debit/ATM card. This type of transaction is a

cash transaction

credit transaction

card transaction

consumer transaction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An invoice should be prepared for a customer when

the customer requests for it.

goods are sold.

the office is ready.

an enquiry is made.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The current account holder who issues a cheque is known as the

payee

drawee

drawer

issuer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Documents that provide first-hand information on transactions are called

open documents

source documents

transaction documents

consumer documents

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cheque has

three parties

two parties

four parties

five parties

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Statement of accounts are sent from the

buyer to the seller

buyer to the buyer

seller to seller

seller to buyer

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