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Matching Transactions with Documents

Total questions: 5

Worksheet time: 3mins

Name
Class
Date
1.

What document is issued by a seller to request payment for goods sold?

a)

Receipt

b)

Purchase Order

c)

Bill of Lading

d)

Invoice

2.

Which document is used to confirm an order placed by a buyer?

a)

Receipt

b)

Delivery Note

c)

Invoice

d)

Purchase Order

3.

What is the purpose of a credit note in a transaction?

a)

To provide a discount on future purchases.

b)

The purpose of a credit note is to correct a transaction by acknowledging a reduction in the amount owed.

c)

To increase the amount owed in a transaction.

d)

To serve as a receipt for a completed sale.

4.

How do you identify a sales invoice from a list of documents?

a)

A sales invoice includes only the seller's name and address.

b)

A sales invoice is recognized by a simple receipt format without item details.

c)

A sales invoice can be identified by the presence of 'Invoice', an invoice number, date, itemized list, total amount, and seller's details.

d)

A sales invoice is identified by the presence of a purchase order number.

5.

What document would you refer to when verifying a purchase order?

a)

Purchase agreement

b)

Shipping label

c)

Product catalog

d)

Invoice or receipt