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Source Documents (Identify the source document used)
Quiz
•
Business
•
1st Grade
•
Practice Problem
•
Medium
Chang Sze May
Used 4+ times
FREE Resource
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26 questions
Show all answers
1.
DROPDOWN QUESTION
1 min • 1 pt
An invoice (a) credit customers of the amount owed after the business sold goods or provided services on (b) .
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alan Trading buys and sells fruits.
The following transaction or activity took place in Alan Trading.
State the source document that Alan Trading used to record the transaction or activity.
Bought fruits on credit.
Invoice
Debit Note
Answer explanation
Alan Trading will receive invoice from the supplier when it purchases goods on credit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alan Trading buys and sells fruits. The following transaction/ activity took place in Alan Trading. State the source document that Alan Trading used to record the transaction/ activity.
Bought delivery van ON CREDIT.
Credit note
Invoice
Answer explanation
When business buys on credit, the business will receive an invoice from the supplier. This includes the purchase of inventory and other items such as motor vehicles.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alan Trading buys and sells fruits.
The following transaction/ activity took place in Alan Trading.
State the source document that Alan Trading used to record the transaction/ activity.
Sold fruits ON CREDIT.
Receipt
Invoice
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alan Trading buys and sells fruits.
The following transaction/ activity took place in Alan Trading.
State the source document that Alan Trading used to record the transaction/ activity.
Bought fruits ON CREDIT.
Debit Note
Credit Note
Receipt
Invoice
6.
DRAG AND DROP QUESTION
1 min • 1 pt
A debit note (a) the amount owed by (b) customers who were previously (c) .
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Alan Trading buys and sells fruits.
The following transaction/ activity took place in Alan Trading.
State the source document that Alan Trading used to record the transaction/ activity.
INCREASE amount owing by credit customer due to earlier undercharge.
Debit Note
Invoice
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