Swansea supplies Cardiff with goods on credit.
Which business document might Cardiff send to Swansea?

Double entry, documents and journals

Quiz
•
Business
•
9th Grade
•
Hard
Shin Ong
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debit note
Credit note
Invoice
Statement of account
Answer explanation
Cardiff is the customer / buyer.
The only document sent by the customer is debit note when requesting to return goods.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which document is used by a supplier to notify a customer of goods supplied, goods
returned and payments received in a month?
Credit note
debit note
invoice
statement of account
Answer explanation
Statement of account is a summary of all transactions in a month, sent by supplier to remind customer of the amount owing at the end of the month
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement about a debit note is correct?
It is sent to a customer to request for payment of an account
It is sent to a customer when his order cannot be supplied in full
It is sent to a supplier to order additional goods
It is sent to a supplier when goods are received damaged
Answer explanation
Debit note is sent by customer to his supplier when requesting to return damaged goods.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What would be recorded by a debit entry in a ledger account?
a decrease in an asset
an increase in a liability
an increase in an asset
an increase in capital
Answer explanation
PEDARi
these accounts will be debited when increased
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A
B
C
D
Answer explanation
Purchases a/c is used when 'bought goods' or 'took goods' only.
Office equipment a/c will be debited because we bought office equipment, office equipment increases in the business.
(Office equipment is an asset: increase = debit)
We paid by cheque, money in the bank a/c will decrease. (Bank a/c is an asset: decrease = credit)
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A
B
C
D
Answer explanation
PEDARi SCRoLI
Return inwards a/c will always be debited
Return outwards a/c will always be credited
Sami is the one returning the goods, so Sami is the customer and Javed is the supplier.
In Javed's books, this will be a return inwards from Sami (his customer).
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A
B
C
D
Answer explanation
Aisyah = customer (the one buying)
Nayla = supplier (the one selling)
Nayla's records means Nayla's point of view.
Nayla sold goods to Aisyah on credit.
Debit Aisyah a/c (amount owing increase, trade receivables: Asset increase)
Credit Sales a/c (SCRoLI)
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