Understanding Source Documents

Who is the invoice issued to in the sample document?

• Mr John Smith

• Mr James Herbert

• Ms Jane Doe

• Mr Robert Brown

What is a credit note?

• A document issued by a buyer to a seller

• A commercial document issued by a seller to a buyer

• A receipt for a purchase

• A payment method

What is the description for the transaction on 1/15/14?

• Rent for February '14

• Balance Forward

• Payment Received

• Late Fee

What is remittance advice?

• A letter sent by a supplier to a customer

• A letter sent by a customer to a supplier

• A payment method

• A type of invoice

What type of document is shown in the image?

• Invoice

• Remittance advice

• Receipt

• Payment order

What does the 'Total Cash' section on a paying-in slip indicate?

• The total amount of cash being deposited

• The total amount of cheques being deposited

• The total account balance

• The total interest earned

What type of transaction occurred on 6 Jan 2014?

• Internet Banking

• Interest

• Direct Debit

• Transfer

What was the amount paid in on 10 Jan 2014?

• £1,000.00

• £1,389.45

• £1,200.00

• £1,500.00

How many units of Product 1 were ordered in the sample delivery note?

• 12

• 10

• 15

• 20

What should be done if goods are not received within 10 days according to the sample delivery note?

• Notify the company

• Discard the delivery note

• Contact the manufacturer

• Ignore the issue