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Source Document Practice

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

What is the source document for all cash payments?

a)

Check Stub

b)

Sales Invoice

c)

Memorandum

d)

Register Tape

e)

Receipt

2.

What is the term to describe the information for each transaction recorded in a journal?

a)

CHECK

b)

SALES INVOICE

c)

ENTRY

d)

SOURCE DOCUMENT

3.

What is the term for recording transactions in a journal?

a)

JOURNALIZING

b)

SALES INVOICE

c)

RECEIPT

d)

CHECK

4.

Which source form is a brief message is written to describe a transaction?

a)

CHECK

b)

MEMORANDUM

c)

RECEIPT

d)

JOURNAL

e)

REGISTER TAPE

5.

What is the term for a business form ordering a bank to pay cash from a bank account?

a)

RECEIPT

b)

JOURNAL

c)

MEMORANDUM

d)

CHECK

6.

What is the term for a business paper which provides information in order to record journal entry?

a)

SOURCE DOCUMENT

b)

JOURNAL

c)

ACCOUNTANT

d)

SALES INVOICE

e)

REGISTER TAPE

7.

What is the form used for recording transactions in chronological order?

a)

JOURNALIZING

b)

JOURNAL

c)

INVOICE

d)

SOURCE DOCUMENT

8.

Which source document is used for recording a sale on account?

a)

INVOICE

b)

SALES INVOICE

c)

MEMORANDUM

d)

JOURNAL

e)

REGISTER TAPE

9.

Which source document is used when by a business to give written acknowledgement for cash received?

a)

INVOICE

b)

ENTRY

c)

RECEIPT

d)

MEMORANDUM

e)

REGISTER TAPE

10.

Which is the source document describing the goods or services purchased on account, the quantity, the price, and the terms of sale?

a)

INVOICE

b)

JOURNAL

c)

SALES INVOICE

d)

CHECK

e)

REGISTER TAPE

11.

An entry cannot be recorded unless there is a source document. The source document proves the transaction occurred.

a)

True

b)

False

12.

A receipt is only used when there is no other type of source document.

a)

True

b)

False

13.

The accounting cycle begins by recording _____________ in the form of journal entries.

a)

Business transactions

b)

Financial information

c)

Corporate minutes

d)

Business contracts

14.

What is the source document used when supplies are bought on account ?

a)

Check Stub

b)

Sales Invoice

c)

Memorandum

d)

Register Tape

e)

Receipt

15.

In the transaction, RECEIVED CASH FROM OWNER AS AN INVESTMENT, the source document is a/an:

a)

Calculator Tape

b)

Receipt

c)

Check Stub

d)

Invoice

16.

In the transaction, BOUGHT SUPPLIES ON ACCOUNT FROM DIXON SUPPLY CO., the source document is a/an:

a)

Calculator Tape

b)

Check Stub

c)

Invoice

d)

Receipt

17.

In the transaction, BILLED ANDERSON COMPANY FOR WORK COMPLETED, the source document is a/an:

a)

Calculator Tape

b)

Check Stub

c)

Invoice

d)

Receipt

18.

What is the source document that gives you the amount to enter for a total day's sales?

a)

Calculator Tape

b)

Receipt

c)

Check Stub

d)

Receipt

19.

he general journal, the following entry was made:

Debit - Supplies

Credit - Account Payable - Supply Company


What was the source document for this transaction?

a)

Calculater Tape

b)

Check Stub

c)

Invoice

d)

Receipt

20.

What term best describes a person or business being paid?

a)

Payee

b)

Payer

c)

Seller

d)

Buyer

21.

Which term best describes the purchaser of goods or services (customer)?

a)

Payee

b)

Payer

c)

Seller

d)

Buyer

22.

A calculator tape is the source document for daily sales.

a)

True

b)

False

23.

When recording in a general journal, a calculator (or register) tape required a debit, credit to which accounts?

a)

debit Sales; credit Cash

b)

debit Cash; credit Sales

c)

debit Cash; credit Capital

d)

debit Capital; credit Cash

24.

Examples of source documents includes checks, sales invoices, memorandums, and letters.

a)

True

b)

False

25.

In the transaction, RECEIVED CASH FROM OWNER AS AN INVESTMENT, the source document is a/an:

a)

Calculator tape

b)

Check stub

c)

Invoice

d)

Receipt