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Accounting Source Documents Quiz: Questions

The document discusses accounting source documents, including what they are, common types, and how they should be handled. It also includes a quiz with questions about when credit notes are issued, who receives documents, the types of documents, common elements, what a sales document is called, how outdated documents should be stored, other names for source documents, and whether bills can only be paid online. The answers to the quiz are also provided.

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Gilbert Cal
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Download as PDF, TXT or read online on Scribd
1K views

Accounting Source Documents Quiz: Questions

The document discusses accounting source documents, including what they are, common types, and how they should be handled. It also includes a quiz with questions about when credit notes are issued, who receives documents, the types of documents, common elements, what a sales document is called, how outdated documents should be stored, other names for source documents, and whether bills can only be paid online. The answers to the quiz are also provided.

Uploaded by

Gilbert Cal
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Accounting Source Documents Quiz Questions

1. What is a source document?

2. When are credit notes issued?

3. Who gets the document?

4. Are there many different types of documents?

5. What is common about source documents?

6. A document issued with a sales is called what?

7. What should be done with source documents when no longer current?

8. What are accounting source documents commonly called?

9. Can bills only be paid by internet banking?

10. Match the following:-

A Example Person making the payment


B Payer Supplier
C Buyer Person or business being paid
D Seller Purchaser / customer
E Payee Example

For more info, go to www.beginner-bookkeeping.com/accounting-source-documents.html


Accounting Source Documents Quiz Answers

1. The origin of the information that is recorded into the accounting books.

2. Goods are returned to the seller by the purchaser.

3. Usually both businesses involved in the transaction.

4. True.

5. The amount, the names of both businesses, a date, a description of the


transaction.

6. Recorded by the seller as a sales invoice.

7. They should be filed away and kept for 5 or more years.

8. The paperwork.

9. False.

10. Here are the matches:

A Example Person making the payment


B Payer Supplier
C Buyer Person or business being paid
D Seller Purchaser / customer
E Payee Example

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