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Source Documents - JSS1 Business studies Past Questions and Answers - page 1

1
What are source documents?
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A

Original records created in business transactions.

B

Copies of financial records.

C

Emails exchanged between business partners

D

Blank sheets of paper

2
What is the primary purpose of source documents?
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A

To record transactions accurately.

B

To decorate the office walls

C

To confuse auditors.

D

To create unnecessary paperwork.

3
Which of the following is not a use of source documents?
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A

Making coffee for employees

B

Verifying the authenticity of transactions

C

Creating an audit trail

D

Complying with legal requirements

4
What type of information do source documents contain?
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A

Date, parties involved, amount, description of transaction

B

Recipes for homemade cookies

C

Funny jokes for the office

D

Weather forecasts for the week

5
Which type of source document acknowledges the receipt of payment?
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A

Credit notes.

B

Cash register tapes

C

Receipts for payments made

D

Blank cheques

6
What does a sales invoice indicate?
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A

Office gossip.

B

Employee's lunch preferences

C

Goods or services sold, quantity, price

D

Future sales projections

7
Which source document is issued to reduce the amount owed by the buyer?
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A

Debit notes

B

Purchase invoices

C

Credit notes

D

Cheques

8
What does a purchase invoice detail?
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A

Office holiday party plans

B

The latest office fashion trends

C

Goods or services purchased, terms and conditions

D

Celebrity gossip

9
What is recorded on cash register tapes?
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A

Employee performance reviews

B

Transactions made in cash

C

Lunch menu options

D

Poetry readings

10
What type of document serves as evidence of a transaction between a seller and a buyer?
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A

Vacation itinerary

B

Love letter

C

Shopping list

D

Sales invoice