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
What is the primary purpose of source documents?
To record transactions accurately.
To decorate the office walls
To confuse auditors.
To create unnecessary paperwork.
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
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
Which type of source document acknowledges the receipt of payment?
Credit notes.
Cash register tapes
Receipts for payments made
Blank cheques
What does a sales invoice indicate?
Office gossip.
Employee's lunch preferences
Goods or services sold, quantity, price
Future sales projections
Which source document is issued to reduce the amount owed by the buyer?
Debit notes
Purchase invoices
Credit notes
Cheques
What does a purchase invoice detail?
Office holiday party plans
The latest office fashion trends
Goods or services purchased, terms and conditions
Celebrity gossip
What is recorded on cash register tapes?
Employee performance reviews
Transactions made in cash
Lunch menu options
Poetry readings
What type of document serves as evidence of a transaction between a seller and a buyer?
Vacation itinerary
Love letter
Shopping list
Sales invoice