Books of Prime Entry (Source Document Identify)

Sold goods for cash $2000

• Receipt

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

A receipt is issued when cash is received for goods sold, confirming the transaction. In this case, selling goods for cash of $2000 requires a receipt to document the sale.

Paid for coffee for cash $4

• Petty cash voucher

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

A petty cash voucher is used to document small cash transactions, like the $4 paid for coffee. It serves as proof of the expenditure, making it the correct choice over other options.

Sold goods on credit to Khattob

• Receipt

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

A sales invoice is issued when goods are sold on credit, detailing the transaction. It serves as a formal request for payment from Khattob, making it the correct choice over a receipt, credit note, or cheque-counterfoil.

Paid a cheque $200 to Malaka

• Petty cash voucher

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

The cheque-counterfoil is the part of the cheque that remains with the payer as a record of the payment made. It serves as proof of the $200 payment to Malaka, making it the correct choice.

Bought goods on credit from Laishaan

• Receipt

• Sales invoice

• Credit note

• Purchase invoice

Answer explanation

A purchase invoice is issued when goods are bought on credit, detailing the items purchased and the amount owed. In this case, since goods were bought on credit from Laishaan, the correct document is a purchase invoice.

Alia (customer) returned damaged goods to the business

• Receipt

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

A credit note is issued when goods are returned, especially if they are damaged. It serves as a document acknowledging the return and allows the customer to receive a refund or credit, making it the correct choice.

Owner deposited cash to bank account

• Pay-in-slip

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

A pay-in-slip is used to deposit cash into a bank account, making it the correct choice. The other options, like sales invoices and credit notes, are related to sales transactions, not cash deposits.

Returned faulty goods to Haisham (Supplier)

• Receipt

• Sales invoice

• Credit note

• Purchase return

Answer explanation

A credit note is issued when faulty goods are returned to a supplier, indicating a reduction in the amount owed. This is the correct choice as it reflects the return of goods to Haisham.

Received $400 from Hashiya by bank transfer

• Bank statement

• Sales invoice

• Credit note

• Cheque-counterfoil

Answer explanation

The correct choice is 'Bank statement' because it provides a record of the $400 received from Hashiya via bank transfer, confirming the transaction. Other options do not serve as proof of this specific bank transfer.