Source Documents - JSS1 Business studies Past Questions and Answers - page 1
What are source documents?
Original records created in business transactions.
Copies of financial records.
Emails exchanged between business partners
Blank sheets of paper
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What is the primary purpose of source documents?
To record transactions accurately.
To decorate the office walls
To confuse auditors.
To create unnecessary paperwork.
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Which of the following is not a use of source documents?
Making coffee for employees
Verifying the authenticity of transactions
Creating an audit trail
Complying with legal requirements
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What type of information do source documents contain?
Date, parties involved, amount, description of transaction
Recipes for homemade cookies
Funny jokes for the office
Weather forecasts for the week
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Which type of source document acknowledges the receipt of payment?
Credit notes.
Cash register tapes
Receipts for payments made
Blank cheques
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What does a sales invoice indicate?
Office gossip.
Employee's lunch preferences
Goods or services sold, quantity, price
Future sales projections
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Which source document is issued to reduce the amount owed by the buyer?
Debit notes
Purchase invoices
Credit notes
Cheques
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What does a purchase invoice detail?
Office holiday party plans
The latest office fashion trends
Goods or services purchased, terms and conditions
Celebrity gossip
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What is recorded on cash register tapes?
Employee performance reviews
Transactions made in cash
Lunch menu options
Poetry readings
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What type of document serves as evidence of a transaction between a seller and a buyer?
Vacation itinerary
Love letter
Shopping list
Sales invoice
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