BUAD302 Invoices recap

Quiz
•
Education
•
University
•
Medium
Sarah McMillan
Used 24+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of a purchase order?
To charge customers for goods sold
To order required goods from a supplier
To charge customers for services sold
For our suppliers to charge us for goods supplied
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is a purchase order part of the cash or credit document cycle?
Cash
Credit
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is a purchase order sent to a customer or to a supplier?
Customer
Supplier
4.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Select TWO internal controls over purchase orders
Three copies must be made for each purchase order
They are only issued by authorised staff
Purchase orders must be filed in a locked drawer
They are numbered sequentially (i.e. 123, 124, 125)
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of an invoice?
To charge customers for goods or services sold
To order required goods from a supplier
To charge suppliers for goods or services sold
For customers to charge us for goods or services
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is an invoice part of the cash or credit document cycle?
Cash
Credit
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Select TWO internal controls over invoices
Three copies must be made for each invoice
Invoices are issued in strict numerical order
Invoices must be filed in the cash register
Only one invoice is issued for each supply
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