The Source Document Challenge

1

The business sells goods on credit to a customer. What document does it issue?*

• KeyAA) Credit Note
• KeyBB) Invoice issued
• KeyCC) Receipt
• KeyDD) Payment Voucher

Choose one option

This field is required

2

The business buys office equipment on credit from a supplier. What document does it receive?*

• KeyAA) Invoice received
• KeyBB) Receipt
• KeyCC) Debit Note
• KeyDD) Remittance Advice

Choose one option

3

A customer returns goods that were previously sold on credit. What document should the business issue?*

• KeyAA) Invoice
• KeyBB) Credit Note issued
• KeyCC) Remittance Advice
• KeyDD) Bank Statement

Choose one option

4

The business returns damaged inventory to a supplier. What document does it receive?*

• KeyAA) Debit Note
• KeyBB) Credit Note received
• KeyCC) Receipt
• KeyDD) Payment Voucher

Choose one option

5

The business discovers it undercharged a customer. What document should it issue?*

• KeyAA) Credit Note issued
• KeyBB) Debit Note issued
• KeyCC) Invoice
• KeyDD) Receipt

Choose one option

6

The supplier undercharged the business. Which document will the business receive?*

• KeyAA) Invoice
• KeyBB) Credit Note
• KeyCC) Debit Note received
• KeyDD) Remittance Advice

Choose one option

7

After paying for goods bought on credit, what document does the business send to inform the supplier?*

• KeyAA) Payment Voucher
• KeyBB) Credit Note
• KeyCC) Remittance Advice
• KeyDD) Receipt

Choose one option

8

The business makes payment to a supplier who doesn’t provide a receipt. What document does the business prepare?*

• KeyAA) Invoice
• KeyBB) Payment Voucher
• KeyCC) Bank Statement
• KeyDD) Credit Note

Choose one option

9

The business receives cash from a customer for goods sold. Which document is issued to the customer?*

• KeyAA) Payment Voucher
• KeyBB) Receipt
• KeyCC) Invoice
• KeyDD) Remittance Advice

Choose one option

10

This document shows all monthly transactions in the bank account, including deposits and withdrawals. What is it?*

• KeyAA) Remittance Advice
• KeyBB) Receipt
• KeyCC) Bank Statement
• KeyDD) Invoice

Choose one option

11

Your Name*

12

Email Address*Enter your email address below to receive your results & exclusive promo code!

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