
Understanding Source Documents
Quiz
•
Other
•
7th Grade
•
Practice Problem
•
Hard
Akinsola Keji
FREE Resource
Enhance your content in a minute
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of source documents?
Digital files of transaction records
Summary reports of financial data
Original documents that provide evidence of a transaction or event.
Copies of original documents
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provide an example of a source document.
A recipe for a homemade cake.
An invoice for the purchase of office supplies.
A map of a hiking trail.
A personal diary entry.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the importance of source documents.
Source documents are important because they provide evidence of transactions, help verify financial records, track the flow of money, and ensure compliance with regulations.
Source documents are only needed for tax purposes and have no other significance.
Source documents are only used for personal record-keeping and have no impact on business finances.
Source documents are irrelevant and unnecessary for financial transactions.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name different types of source documents.
Vouchers
Invoices, receipts, bank statements, purchase orders, delivery notes
Balance sheets
Tax returns
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are source documents used in business?
Source documents are used to record and track financial transactions, verify the accuracy of accounting records, and ensure compliance with regulations.
Source documents are used to create marketing materials
Source documents are used to monitor employee attendance
Source documents are used for employee training purposes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it essential to maintain source documents?
To waste paper
To increase workload
To confuse auditors
To keep track of financial transactions, provide evidence in case of audits, comply with legal requirements, and ensure accuracy of records.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Describe a purchase order as a source document.
A purchase order is a formal document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
A purchase order is a verbal agreement between parties
A purchase order is a document issued after the goods are received
A purchase order is an informal document exchanged between friends
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
19 questions
Les endroits dans la ville
Quiz
•
7th Grade - University
20 questions
Conocimientos preliminares de la música
Quiz
•
7th Grade
19 questions
Libro de Mateo
Quiz
•
KG - Professional Dev...
17 questions
Musical Terms
Quiz
•
5th Grade - Professio...
20 questions
TEST - Italiano 2017-2018
Quiz
•
7th - 8th Grade
20 questions
GK Level 1(E-G)
Quiz
•
1st - 8th Grade
22 questions
1.1 - Function of nutrients
Quiz
•
7th - 10th Grade
15 questions
Intro to Simple Machines
Quiz
•
7th - 12th Grade
Popular Resources on Wayground
8 questions
2 Step Word Problems
Quiz
•
KG - University
20 questions
Comparing Fractions
Quiz
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
22 questions
fractions
Quiz
•
3rd Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
Discover more resources for Other
8 questions
2 Step Word Problems
Quiz
•
KG - University
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
22 questions
distributive property
Quiz
•
7th Grade
10 questions
Martin Luther King, Jr. For Kids
Interactive video
•
1st - 12th Grade
20 questions
Ethos, Pathos, Logos Practice
Quiz
•
6th - 7th Grade
10 questions
Dr. King's Speech and Its Impact
Interactive video
•
7th - 12th Grade
10 questions
Understanding Meiosis
Interactive video
•
6th - 10th Grade
