S1 Accounting Lesson 2 Starter

S1 Accounting Lesson 2 Starter

7th Grade

11 Qs

quiz-placeholder

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S1 Accounting Lesson 2 Starter

S1 Accounting Lesson 2 Starter

Assessment

Quiz

Other

7th Grade

Practice Problem

Medium

Created by

Katie Lorimer

Used 23+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The address of the business and the supplier should be included in a purchase order form.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You do not need a description of the inventory items being bought

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You must include how much you will sell your product for.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You must include the price paid and the quantity of each inventory item

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

VAT means Value Added Tax

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is it necessary to include the date of the transaction on a purchase order form?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Should the terms and conditions of the sale be included in a purchase order?

False

True

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