Business Documents

Business Documents

9th - 12th Grade

10 Qs

quiz-placeholder

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Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Rakesh Kabra

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debit note is issued by the buyer to the seller when:

Goods are returned to the seller due to defects

Payment for goods has been made

Goods are delivered to the buyer

Goods are ordered from the seller

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of a credit note?

To confirm payment of an invoice

To request payment for goods delivered

To acknowledge an order received

To reduce the amount payable by the buyer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document serves as proof that payment has been made by the buyer to the seller?

Quotation

Receipt

Invoice

Credit note

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a statement of account typically show?

A single invoice for goods sold

A summary of all goods returned by the buyer

The details of all transactions between the buyer and the seller over a period

The delivery schedule for goods ordered

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document might a buyer issue if they notice an error on an invoice?

Delivery note

Credit note

Debit note

Quotation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a business sells goods worth $2,500 with a 5% trade discount on the invoice, what is the total amount the customer will pay?

$2,500

$2,375

$2,650

$2,450

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business receives a debit note from a supplier for damaged goods worth $300. If the original invoice amount was $1,200, what is the new total amount payable after the debit note?

$1,200

$900

$1,500

$1,800

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