wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Financial Documents

Total questions: 22

Worksheet time: 12mins

Name
Class
Date
1.
This document is used when a business buys goods.
a)
Delivery Note
b)
Purchase Order
c)
Receipt
d)
Cheque
2.
This document arrives with the order, and needs a signature to confirm it's arrived correctly
a)
Goods Received Note
b)
Delivery Note
c)
Purchase Order
d)
Invoice
3.
A request for payment from the supplier
a)
Cheque
b)
Credit Note
c)
Invoice
d)
Purchase Order
4.
A document that shows how much the customer is refunded if delivery wrong or damaged.
a)
Credit Note
b)
Remittance Advice Slip
c)
Receipt
d)
Invoice
5.
A document sent monthly, summarises orders made, payments and credits on a customers account
a)
Purchase Order
b)
Statement of Account
c)
Receipt
d)
Invoice
6.
Proof of purchase and payment
a)
Invoice
b)
Cheque
c)
Receipt
d)
Delivery Note
7.
What is a purchase order for?
a)
Used to tell the supplier what needs to ordered
b)
To show which items have been delivered
c)
To check the items for damages/mistakes
d)
Used to pay for items
8.
What is a delivery note for?
a)
Used to tell the supplier what needs to ordered
b)
To show which items have been delivered
c)
To check the items for damages/mistakes
d)
Used to pay for items
9.
What is a invoice for?
a)
Used to tell the supplier what needs to ordered
b)
To show which items have been delivered
c)
To check the items for damages/mistakes
d)
Used to pay for items
10.
What is a credit note used for?
a)
To show which items need to be refunded
b)
To show how the customer is going to pay
c)
To prove a customer has paid the supplier
d)
To show all the financial transactions over a period time
11.
What is a receipt used for?
a)
To show which items need to be refunded
b)
To show how the customer is going to pay
c)
To prove a customer has paid the supplier
d)
To show all the financial transactions over a period time
12.
What is a statement of account used for?
a)
To show which items need to be refunded
b)
To show how the customer is going to pay
c)
To prove a customer has paid the supplier
d)
To show all the financial transactions over a period time
13.
Which of these documents is sent with the delivery?
a)
Delivery note
b)
Credit note
c)
Invoice
d)
GRN
14.
Which of documents is a list of the items wanted to be ordered?
a)
purchase order
b)
credit order
c)
goods order note
d)
order of items notes received slip
15.

What could the effect be if a credit note contains mistakes?

a)

The customer will not receive a proper refund

b)

The customer will not be able to see which items are damaged

c)

The business would not receive any profits

d)

The business could not prove goods had been paid for

16.

What could the effect be if a good received note contains mistakes?

a)

The customer will not receive a proper refund

b)

The customer will not be able to tell the supplier which items are damaged

c)

The business would not receive any profits

d)

The business could not prove goods had been paid for

17.

What could the effect be if a receipt is missing?

a)

The customer will not receive a proper refund

b)

The customer will not be able to tell the supplier which items are damaged

c)

The business couldn't prove that goods had been paid for

d)

The customer would not know how much to pay for goods

18.

What could the effect be if an invoice is missing?

a)

The customer will not receive a proper refund

b)

The customer will not be able to tell the supplier which items are damaged

c)

The business couldn't prove that goods had been paid for

d)

The customer would not know how much to pay for goods

19.
A system of recording and reporting financial activity is called
a)
Finance
b)
Accounting
c)
audit
d)
Budger
20.
a person who produces and examines financial reports, financial records and prepares tax returns
a)
Financial manager
b)
Auditor
c)
accountant
d)
bank teller
21.

New businesses are easier to budget for than well-established businesses.

a)

True

b)

False

22.

Financial records provide information about financial activities of a company.

a)

True

b)

False

Similar Resources on Wayground

HKA Grade 10 Economics Quiz 2

20 questions

HKA Grade 10 Economics Quiz 2

quiz

Worksheet

•

10th Grade

Correspondence

20 questions

Correspondence

quiz

Worksheet

•

10th - 12th Grade

9 Business Basics

19 questions

9 Business Basics

quiz

Worksheet

•

9th Grade

Lesson 5 Planning Quiz

20 questions

Lesson 5 Planning Quiz

quiz

Worksheet

•

11th Grade

Cash Flow

21 questions

Cash Flow

quiz

Worksheet

•

10th - 11th Grade

Westham are back in Europe quiz

20 questions

Westham are back in Europe quiz

quiz

Worksheet

•

11th - 12th Grade

Grade 9- Quiz

20 questions

Grade 9- Quiz

quiz

Worksheet

•

9th Grade