Have an account?
Skip to Content
Build your own quiz
Suggestions for you
22 questions
Show Answers
See Preview
- 1. Multiple ChoiceThis document is used when a business buys goods.Delivery NotePurchase OrderReceiptCheque
- 2. Multiple ChoiceThis document arrives with the order, and needs a signature to confirm it's arrived correctlyGoods Received NoteDelivery NotePurchase OrderInvoice
- 3. Multiple ChoiceA request for payment from the supplierChequeCredit NoteInvoicePurchase Order
- 4. Multiple ChoiceA document that shows how much the customer is refunded if delivery wrong or damaged.Credit NoteRemittance Advice SlipReceiptInvoice
- 5. Multiple ChoiceA document sent monthly, summarises orders made, payments and credits on a customers accountPurchase OrderStatement of AccountReceiptInvoice
- 6. Multiple ChoiceProof of purchase and paymentInvoiceChequeReceiptDelivery Note
- 7. Multiple ChoiceWhat is a purchase order for?Used to tell the supplier what needs to orderedTo show which items have been deliveredTo check the items for damages/mistakesUsed to pay for items
- 8. Multiple ChoiceWhat is a delivery note for?Used to tell the supplier what needs to orderedTo show which items have been deliveredTo check the items for damages/mistakesUsed to pay for items
- 9. Multiple ChoiceWhat is a invoice for?Used to tell the supplier what needs to orderedTo show which items have been deliveredTo check the items for damages/mistakesUsed to pay for items
- 10. Multiple ChoiceWhat is a credit note used for?To show which items need to be refundedTo show how the customer is going to payTo prove a customer has paid the supplierTo show all the financial transactions over a period time
- 11. Multiple ChoiceWhat is a receipt used for?To show which items need to be refundedTo show how the customer is going to payTo prove a customer has paid the supplierTo show all the financial transactions over a period time
- 12. Multiple ChoiceWhat is a statement of account used for?To show which items need to be refundedTo show how the customer is going to payTo prove a customer has paid the supplierTo show all the financial transactions over a period time
- 13. Multiple ChoiceWhich of these documents is sent with the delivery?Delivery noteCredit noteInvoiceGRN
- 14. Multiple ChoiceWhich of documents is a list of the items wanted to be ordered?purchase ordercredit ordergoods order noteorder of items notes received slip
- 15. Multiple Choice
What could the effect be if a credit note contains mistakes?
The customer will not receive a proper refund
The customer will not be able to see which items are damaged
The business would not receive any profits
The business could not prove goods had been paid for
- 16. Multiple Choice
What could the effect be if a good received note contains mistakes?
The customer will not receive a proper refund
The customer will not be able to tell the supplier which items are damaged
The business would not receive any profits
The business could not prove goods had been paid for
- 17. Multiple Choice
What could the effect be if a receipt is missing?
The customer will not receive a proper refund
The customer will not be able to tell the supplier which items are damaged
The business couldn't prove that goods had been paid for
The customer would not know how much to pay for goods
- 18. Multiple Choice
What could the effect be if an invoice is missing?
The customer will not receive a proper refund
The customer will not be able to tell the supplier which items are damaged
The business couldn't prove that goods had been paid for
The customer would not know how much to pay for goods
- 19. Multiple ChoiceA system of recording and reporting financial activity is calledFinanceAccountingauditBudger
- 20. Multiple Choicea person who produces and examines financial reports, financial records and prepares tax returnsFinancial managerAuditoraccountantbank teller
- 21. Multiple Choice
New businesses are easier to budget for than well-established businesses.
True
False
- 22. Multiple Choice
Financial records provide information about financial activities of a company.
True
False
- Answer choicesTagsAnswer choicesTags