Accounting Source Documents Quiz

15 Questions | By Beginbookkeep | Updated: Nov 27, 2022 | Attempts: 14118

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Source documents play a crucial role in the accounting industry as they contain details of all business transactions. Try this 'Accounting source documents quiz' that is designed to test your knowledge about source documents and their related concepts. Give it a try and see how many correct answers you can give in this test. Your final scores will be displayed at the end of the quiz. So, get ready to play this quiz.

Questions and Answers

1.

The document issued with a sale is __________
- A.
  
  Recorded by the seller as a purchase invoice
- B.
  
  Recorded by the seller as a check
- C.
  
  Recorded by the seller as a sales invoice
- D.
  
  Not recorded by the seller
2.

What should be done with the source documents?
- A.
  
  They should be filed away and kept for at least 5 years
- B.
  
  Shredded for privacy as soon as possible
- C.
  
  Given to the bank
- D.
  
  Disposed off
3.

There are many different types of accounting documents. True or false?
- A.
  
  True
- B.
  
  False
4.

Accounting source documents are commonly called _______.
- A.
  
  The books
- B.
  
  The Money
- C.
  
  The Paperwork
- D.
  
  The paperload
5.

Bills can only be paid by internet banking. True or false?
- A.
  
  True
- B.
  
  False
6.

A source document is:
- A.
  
  The origin of the information that is recorded into the accounting books
- B.
  
  The origin of the information that is taken from the accounting books
- C.
  
  Not the origin of information that is recorded into the accounting books
- D.
  
  All of the above
7.

Credit notes are issued when ________.
- A.
  
  The seller delivers goods to the purchaser
- B.
  
  Goods are returned to the seller by the purchaser
- C.
  
  There is not enough money in the bank
- D.
  
  The goods are purchased back by the seller
8.

Who gets the document?
- A.
  
  The business issuing the document
- B.
  
  The business receiving the document
- C.
  
  Usually both businesses involved in the transaction
- D.
  
  None of the above
9.

What is common about source documents?
- A.
  
  The bookkeeper’s name, the amount, a transaction date, a reference number
- B.
  
  A transaction date, the amount, a description of the transaction, the document shape
- C.
  
  The amount, the names of both businesses, a date, a description of the transaction
- D.
  
  None of the above
10.

Which of these is NOT an accounting source document?
- A.
  
  Invoices
- B.
  
  Credit memos
- C.
  
  Deposit slips
- D.
  
  Cash Book
11.

A _______ describes the items shipped to a customer, and so supports the recordation of a sale transaction.
- A.
  
  Packing slip
- B.
  
  Credit note
- C.
  
  Selling slip
- D.
  
  Cash memo
12.

Which of these documents can be used as evidence for the disbursement of funds from petty cash?
- A.
  
  Cash register tape
- B.
  
  Credit card receipt
- C.
  
  Supplier invoice
- D.
  
  Sales order
13.

Which of these documents can be used as evidence of cash sales, which supports the recordation of a sale transaction?
- A.
  
  Credit card receipt
- B.
  
  Cash register tape
- C.
  
  Lockbox check images
- D.
  
  Deposit slips
14.

Accounting source documents can be categorized into two categories. What are those?
- A.
  
  Internal
- B.
  
  External
- C.
  
  Outsourcing
- D.
  
  Economic