Financial documents - Source Documents

What is a cash receipt?

• A document that serves as proof of payment for the buyer for a transaction made in cash.

• A document that lists items delivered to a customer.

• A document issued by a buyer to a seller.

• A document requesting payment for goods or services.

What details are typically included in a cash receipt?

• Date, amount, and description of the payment.

• Seller's name and contact information.

• Itemized list of products/services.

• Recipient's name and signature.

What is a cheque?

• A written order from a bank account holder to pay a specific amount of money to a recipient.

• A document issued by a seller to a buyer.

• A document listing items delivered to a customer.

• A document indicating the details and terms of a purchase.

What must be filled in when writing a cheque?

• Recipient's name, amount in words and figures, and signature.

• Date, amount, and description of the payment.

• Seller's name and contact information.

• Itemized list of products/services.

What is a goods received note?

• A document that confirms the receipt of goods by a buyer.

• A document issued by a seller to a buyer.

• A document provided by a supplier when delivering goods.

• A document that serves as proof of payment for a transaction made in cash.

Why are cash receipts important?

• They provide evidence of cash inflow for record-keeping and accounting purposes.

• They list items delivered to a customer.

• They indicate the details and terms of a purchase.

• They request payment for goods or services.

What is the purpose of a purchase order?

• • A document issued by a buyer to a seller, indicating the details and terms of a purchase.

• To request payment for goods or services.

• To serve as proof of payment for a transaction made in cash.

• To list items delivered to a customer.

What is the purpose of a Credit Note?

• To verify the quantity and condition of received goods.

• To indicate an increase in the amount owed.

• To indicate a reduction in the amount owed y the customer.

• To summarize all transactions over a specific period.

When is a Debit Note usually issued?

• When there is an overpayment.

• • A document issued by a buyer to a seller, indicating an increase in the amount owed.

• When a payment is made.

• When goods are received.

What does a Statement of Account include?

• Details such as payment amount and date.

• Details such as invoice numbers, payment dates, and amounts owed.

• Details such as the condition of received goods.

• Details such as returned goods and overpayments.