Accounting Source Documents Quiz

10 Questions

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Accounting Source Documents Quiz

Questions and Answers
  • 1. 
    • 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

  • 2. 
    • 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

  • 3. 
    Who gets the document?
    • A. 

      The business issuing the document

    • B. 

      The business receiving the document

    • C. 

      Usually both businesses involved in the transaction

  • 4. 
    There are many different types of documents.
    • A. 

      True

    • B. 

      False

  • 5. 
    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

  • 6. 
    Match the following:
    • A. Payee
    • A.
    • B. Payer
    • B.
    • C. Seller
    • C.
    • D. Buyer
    • D.
  • 7. 
    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

  • 8. 
    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

  • 9. 
    Accounting source documents are commonly called:
    • A. 

      The books

    • B. 

      The Money

    • C. 

      The Paperwork

  • 10. 
    Bills can only be paid by internet banking.
    • A. 

      True

    • B. 

      False