Gr9 EMS | Term1 Lesson 4 | CRJ & CPJ

Which source document is used when a business does not have a cash register

• Bank statement

• Deposit slips

• Cash invoice

• Cash register roll

Which source document shows the deposits and withdrawals that the bank has entered

• Bank statement

• Deposit slips

• Cash invoice

• Cash register roll

Which source document is used when the business deposits any amount of money into the bank account

• Bank statement

• Deposit slip

• Cash invoice

• Cash register roll

Which source document is issued as proof that the business has received money from another party

• Receipt

• Bank statement

• Electronic funds transfer (EFT)

• Deposit slip

Electronic Funds Transfers (EFTs) is the following: Choose the incorrect one

• Money from one bank to another

• Via computer-based systems

• Cheque and cheque counterfoils

• The source document is a EFT reference number

What is an example of an internal source document of Charlie  Construction

• Receipt from Building Block for building material purchased

• Receipt issued to B Bennie for payment received

• Cash invoice received from Timber Warehouse

• Marketing results from a questionnaire

 

When is a receipt issued? Indicate the one that is not correct*

• When the owner contributes capital to the business

• When the business receives money for rent

• When the business receives money from customers for goods and services

• When money is deposited in a bank account

Is the following true or false? A cash invoice contains more information than a cash slip and is in fact a request for payment

• True

• False

Is the following true or false? The business issued the duplicate receipt to the client and keep the original receipt as a source document as record

• True

• False

Is the following true or false? A source document describes all the basic facts of a transaction e.g. the date and the amount

• True

• False