Bookkeeping Ch 4 and 5
Professional Development
2nd - 3rd Grade
Used 1+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
After receiving a price quotation, what document would you send back?
Delivery note
Purchase Order
Invoice
Credit note
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
The invoice total is £2,400 including VAT. There is a prompt payment discount of 2.5%. Calculate how much they would need to pay if the discount is honoured?
2,260
2,430
2,340
2,380
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A customer has not accounted for a credit note on their statement when they paid. What would this result in?
Underpayment
Overpayment
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the below options should be included on a cheque?
Amount in words
Address
Invoice number
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What can be a discrepancy?
Underpayment
Exact amount
Trade discount
6.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
If I pay £4,474 after VAT to EA Sports for FIFA points, what is the net amount?
3,738.33
3,728.34
745.67
5,219.67
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is GRN?
Goods Received Note
Gross=Revenue=Net
Goods Received Notice
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