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MCQ - Business Documents
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Which business document contains details of purchases, returns and payments occurring during a trading period?
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1 point
credit note
debit note
invoice
statement of account
Dave supplies goods to Peter on credit. On 1 April, Peter owed Dave $440. Dave sent or received the following documents in April.
What was the closing balance on the statement of account on 30 April?
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1 point
$260
310
$321
$421
Amina returned goods to Nadia.
Which document did Amina issue?
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1 point
credit note
debit note
invoice
statement of account
Which document does a trader issue to remind a credit customer that payment is due?
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1 point
credit note
debit note
receipt
statement of account
What is a cheque counterfoil used for?
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1 point
to pay a cheque into the bank account
to pay for goods purchased by cheque
to record a cheque payment in the cash book
to record a cheque received in the cash book
Leah bought goods, $8000, less 15% trade discount. She later returned half of these goods as they were faulty.
Which document did Leah issue to the supplier for the returned goods?
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1 point
credit note for $3400
debit note for $3400
credit note for $4000
debit note for $4000
Jim supplies Debbie with goods on credit.
Which business document might Debbie send to Jim?
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1 point
credit note
debit note
invoice
statement of account
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