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WorksheetsSource Documents
Total questions: 20
Worksheet time: 12mins
Documents prepared immediately after a transaction takes place is called
first document
source document
open document
transaction
Sandra bought some snacks from Genesis and paid with his Debit/ATM card. This type of transaction is a
cash transaction
credit transaction
card transaction
consumer transaction
An invoice should be prepared for a customer when
the customer requests for it.
goods are sold.
the office is ready.
an enquiry is made.
The current account holder who issues a cheque is known as the
payee
drawee
drawer
issuer
Documents that provide first-hand information on transactions are called
open documents
source documents
transaction documents
consumer documents
A cheque has
three parties
two parties
four parties
five parties
Statement of accounts are sent from the
buyer to the seller
buyer to the buyer
seller to seller
seller to buyer
A staff who wishes to obtain authorization for payment will present
Invoice
cheque
voucher
receipt
Which of these documents records the quantity and cost of items bought or sold?
Teller
Invoice
Cheque
Letter of enquiry
The two types of transactions are
cash and credit transaction
cash and card transaction
credit and card transaction
cash and online transaction
Which of these is NOT a use of source documents?
They act as proof to show that the transaction recorded in the books of accounts occurred.
They help in the preparation of the financial statements.
They provide better internal control and reporting.
The help in determining loyal customers
One of the uses of source documents is that it
helps in identifying troublesome customers
identifying the source of all problems in a business
helps in analyzing business activities.
attracting more buyers
Which of these is NOT a source document?
receipt
statement of account
deposit slip
visitor's register
A document sent from a seller to a buyer when the buyer has been undercharged is called
debit note
deduction note
access note
credit note
A document is sent by a supplier to a buyer when the buyer has been overcharged is called
credit note
advance note
debit note
access note
Another name for source document is
journal paper
exchange paper
business paper
money paper
Which of these source documents is printed in red
debit note
invoice
statement of account
credit note
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the drawee is __________
Jane
Access Bank
Jackson
#500,000
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the payee is __________
Access Bank
Jane
#500,000
Jackson
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the drawer is __________
#500,000
Jackson
Access Bank
Jane
