IGCSE Accounting- Source Documents

What is a purchase order?

• a document issued by buyer requesting reduction in payment to buyer

• a document used when a business decides to buy from a company

• a document that shows payment by a customer

• a document that acknowledges how much the supplier will reduce payment of buyer by

What is an invoice?

• a document issued by buyer requesting reduction in payment to buyer

• a document issued by the supplier when goods are sold to the customer

• a document that shows payment by a customer

• a document that acknowledges how much the supplier will reduce payment of buyer by

What is a credit note?

• a document issued by buyer requesting reduction in payment to buyer

• a document used when a business decides to buy from a company

• a document that shows payment by a customer

• a document that acknowledges how much the supplier will reduce payment of buyer by

What is a debit note?

• a document issued by buyer requesting reduction in payment stated in the invoice

• a document used when a business decides to buy from a company

• a document that shows payment by a customer

• a document that acknowledges how much the supplier will reduce payment of buyer by

Why is a statement of account produced?

• to inform the seller on how much they will reduce an invoice by

• to inform a seller on what they have sold

• to inform the buyer their balance due on goods purchased by seller

• to verify the records of the supplier

What is a remittance advice?

• a document issued by the buyer to show what they are making a payment for with the seller

• a document issued by the seller to acknowledge payment received from customer

• a document that shows payment by a seller

• a document that acknowledges how much the supplier will reduce payment of buyer by

What is a receipt ?

• a document issued by the buyer to show what they are making a payment for with the seller

• a document issued by the seller to acknowledge payment received from customer

• a document that shows payment by a seller

• a document that acknowledges how much the supplier will reduce payment of buyer by

A petty cash voucher is used

• is used to reimburse a claimant for personal use purchases made

• to acknowledge that the business has sold goods

• to acknowledge that payment has been received from a customer

• is used to reimburse a claimant for business purchases made

Select 2 options that best describe a cheque

• a document instructing payment to be made through the bank

• a document instructing the business to sell goods to a customer

• a document that is used to ask for a reduction in the invoice

• regarded as a source document

Select the most appropriate options for source documents issued by a buyer

• a cheque

• a purchase order

• an invoice

• a statement of account

• a debit note