An invoice can also be referred to as a ____.

HBEL 8 Business Studies

Quiz
•
Business
•
1st - 5th Grade
•
Easy
Obande Obande
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payment Voucher
Sales bill
Tax receipt
Business letter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of a source document is to ____.
Increase business expenses
Avoid tax payments
Hide financial transactions
Serve as a proof of transaction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One key advantage of bookkeeping is that it ____.
Encourages fraudulent activities
Makes tax filing difficult
Ensures a business can track financial progress
Prevents financial growth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best defines a source document?
A document used to make financial decisions
A document that records an employee’s attendance
An original document that provides evidence of a transaction
A document used for making office notes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A credit note is used when ____.
A customer is making a payment
Goods are returned to the supplier
A new order is placed
A business closes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a quality of good bookkeeping?
Accuracy
Consistency
Dishonesty
Transparency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cheque is said to be CROSSED when:
It is hand written
It is titled in red ink
It is not written legibly enough
It has 2 parallel lines drawn on it
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