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WorksheetsSource documents POP QUIz
Total questions: 50
Worksheet time: 39mins
The business bought goods on credit from supplier
Invoice received
Invoice issued
Receipt received
Receipt issued
A customer paid cash for goods
Invoice received
Invoice issued
Receipt received
Receipt issued
Supplier found that it has undercharged business for the goods bought earlier
Debit note received
Debit note issued
Credit note received
Credit note issued
The business returned some faulty goods to supplier
Debit note received
Debit note issued
Credit note recieved
Credit note issued
Bank charges
Payment voucher
Receipt
Bank statement
Remittance advice
Name this source document.
receipt
cash register slip
payment voucher
invoice
State the source document issued or received for the following transaction:
Sold inventory on credit to Joyce.
invoice issued
invoice received
payment voucher received
remittance advice received
State the purpose of a bank statement.
an internal document for the business to track payments made.
states the deposits into and withdrawals from the business bank account.
acts as evidence that the business made a payment.
acts as evidence that the business has received a payment.
State the purpose of a credit note.
states the amount to be reduced from the invoice that was issued earlier.
states the amount the buyer owes the seller.
states the amount to be added on to the invoice that was issued earlier.
tracks payments made by the business.
State the purpose of a debit note.
states the amount the buyer owes the seller.
states the amount to be reduced from the invoice that was issued earlier.
states the amount to be added on to the invoice that was issued earlier.
acts as evidence that the business has made a payment.
State the purpose of an invoice.
States the amount the buyer owes the seller.
Acts as evidence that the business has made a payment.
States the amount to be reduced from the invoice that was issued earlier.
States the amount to be added on to the invoice that was issued earlier.
State the purpose of a receipt.
states the amount to be added on to the invoice that was issued earlier.
states the amount to be reduced from the invoice that was issued earlier.
an internal document for the business to track payments made
acts as evidence that the business has made a payment.
When a customer pays the supplier in cash, the supplier will issue the customer a document called a _________________.
receipt
invoice
payment voucher
debit note
The business will receive from the bank a ___________________ which states the deposits and withdrawals made to and from the business bank account.
bank statement
income statement
bank reconciliation statement
memorandum
What are the components in the body of the invoice?
The items, The letterhead, The invoice date
Quantity, Description, Unit Price and Amount
Quantity, Amount, Unit Price, Invoice number
Description, The letterhead, Quantity, Price
How do you calculate the amount?
Subtract the quantity from the unit price
Divide the unit price by the quantity
Add the quantities together
Multiply the quantity by the unit price
What could the effect be if a receipt is missing?
The customer will not receive a proper refund
The customer will not be able to tell the supplier which items are damaged
The business couldn't prove that goods had been paid for
The customer would not know how much to pay for goods
What could the effect be if an invoice is missing?
The customer will not receive a proper refund
The customer will not be able to tell the supplier which items are damaged
The business couldn't prove that goods had been paid for
The customer would not know how much to pay for goods
Financial records provide information about financial activities of a company.
True
False
All of the money of purchases added together without the tax
total
subtotal
receipt
some money
All of the money added together with the tax
subtotal
taxes
total
too much money to pay
Money added to bought goods or services
purchases
extra money
tax
total
Merchandise or possessions
receipt
services
goods
purchases
The action of helping or doing work for someone
services
subtotal
goods
formula
Acquiring something by paying for it
purchase
buying
receipt
goods
A written or printed statement acknowledging that something has been paid for or that goods have been received
purchase
receipt
tax
formula
Ms. Guillory sold some of her son's old toys and earned $56. She went to the bank and added the money to her account. She made a _________________ to her account.
deposit
withdrawal
debit
deduction
What would happen if Monica has to sell her shirts for less that it cost her to make them?
She would make no profit
She would make great profit
Nothing will happen
She would have to take out a loan
If you make $7.00 a week for 6 weeks, how much money will you have.
$71.00
$17.00
$42.00
$56.00
Money you receive for having a savings account
Withdraw
Deposit
Balance
Interest
Including an 8.9% sales tax, what is the total cost of this order at Rob's Diner?
$16.06
$9.26
$16.07
$75.65
Tanya wet to Rob's Diner and received the bill for her meal. Even though the receipt was ripped, she knows the sales tax is 5.6%. How much is the total for her meal after sales tax is added?
$8.50
$0.48
$8.56
$8.98
George buys a bowl of soup and bread for $8.00 and leaves a 6% tip. What is the total cost of the meal?
$0.48
$4.80
$7.94
$8.48
Sally plans to buy a new pair of shoes for $75, however, the manager sells them to her for $60. What is the discount for the shoes?
15% off
20% off
33% off
60% off
