Types of Source Documents - SS1 Accounting Past Questions and Answers - page 1

1

Which of the following is an example of a sales receipt? 

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A

A bank statement 

B

A credit note 

C

A document showing the purchase of office supplies

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2

What information is typically found on a purchase invoice? 

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A

Date, amount, and description of the items purchased 

B

Date of birth and social security number of the buyer 

C

The weather on the day of the purchase

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3

What is a payroll record? 

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A

A legal agreement between parties that outlines the terms of a transaction or arrangement. 

B

A document related to employee wages and salaries. 

C

A record of all transactions on a bank account.

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4

What is the purpose of shipping documents? 

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A

To provide information about the shipment of goods. 

B

To provide evidence of a credit issued to a customer. 

C

To show the cost of goods or services purchased for business use.

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5

What is a credit note?

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A

A document that shows the cost of goods or services purchased for business use.

B

A legal agreement between parties that outlines the terms of a transaction or arrangement. 

C

A document that provides evidence of a credit issued to a customer.

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6

Give an example of a source document related to expenses.

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7

How do source documents facilitate the accounting process?

 

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