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BUSINESS STUDIES

Total questions: 15

Worksheet time: 5mins

Name
Class
Date
1.

WHAT DOCUMENT DOES THE BUYER SEND TO THE SELLER TO FIND OUT MORE ABOUT THE GOODS?

a)

CATALOGUE

b)

STATEMENT OF ACCOUNT

c)

LETTER OF ENQUIRY

d)

RECEIPT OF PAYMENT

2.

DOCUMENTS OF TRADE ARE USED AS PROOF OF_______________________.

a)

ACCOUNTS

b)

TRANSACTIONS

c)

BUSINESS

d)

TRADE

3.

What are the important purposes of Documents of Home trade?

a)

they serve as proofs of transaction

b)

they serve as a written record

c)

they serve as a basis for recording transactions in the account books.

d)

all of the above

4.

SHOW THE MOVEMENT OF THE ADVICE NOTE

a)

BUYER TO SELLER

b)

SELLER TO BUYER

5.

SHOW THE MOVEMENT OF THE DELIVERY NOTE

a)

BUYER TO SELLER

b)

SELLER TO BUYER

6.

SHOW THE MOVEMENT OF ORDER FORM

a)

SELLER TO BUYER

b)

BUYER TO SELLER

7.

SHOW THE MOVEMENT OF LETTER OF ENQUIRY

a)

BUYER TO SELLER

b)

SELLER TO BUYER

8.

SHOW THE MOVEMENT OF DEBIT NOTE/CREDIT NOTE

a)

SELLER TO BUYER

b)

BUYER TO SELLER

9.

_______________ is a list with company's covering letter, goods offered for sale and their prices.

a)

sales list

b)

price list

c)

number list

d)

product list

10.

______________ is a document showing pictures and detailed descriptions of the goods sold.

a)

leaflet

b)

pamphlet

c)

cutouts

d)

catalogue

11.

The buyer will send an ____________ to the seller when he wants to place an order for goods.

a)

application form

b)

blank form

c)

order form

d)

none of the above

12.

A ___________________ is sent with the goods being delivered. It's then signed by the buyer to state that the goods have been received in good condition.

a)

Receipt

b)

Payment

c)

cash bill

d)

Delivery note

13.

__________________ is used if the seller has overcharged the buyer.

a)

Debit note

b)

Credit note

c)

goods received note

d)

Note

14.

The _________________ note is used if the seller has undercharged the buyer.

a)

Credit note

b)

Cash note

c)

Debit note

d)

Payment note

15.

_______________________ is sent from the seller to the buyer at a fixed time, usually at the end of every month.

a)

Statement of Records

b)

Statements of receipts

c)

Statement of Payments

d)

Statement of account