Question

34 What is remittance advice for? A To indicate lemow pald B. Ta identity good received c. To vice remittances received D. for notification of goods dise d What is the purpose of purchase inwolce? A. To claim back the VAT To identify the pods bought c. To record how much is cwed to the creditor D. To record how much is owed to the debtor (A) ab and conly C band only D) a and only wly follow In the purchasing procedure, which document will (A) Delivery note 10) in ce C) Statement Advice note Kalth receives a document from Cullen's Stationary Supplies for reams of paper with the supplied three days apo. Kelth would refer to this documentas: JA Goods received note (8) Recept (C) Purchase invoice (D) Credit note The prime document used for recording petty cash into the petty cash book is: (A) An invoice BJ Atill recept ICI A petty cash IOU DA petty cash voucher Which of the following is a source document? (A) Statement (B) Paying in slip C) Delivery note Dj Goods receive notes Which of the following is authorized so that a business can settle an outstanding invoice? (A) A credit note B) A debit note (C) A remittance advice TEL: 227-1180/2267-740 CACIQUE ACCOUNTING COLLEGE

Answer 1

Following are answers of the above Questions

14. a. To indicate items now paid

15. (A) a, b and c only

16. (A) delivery note

17. (D) Credit Note

18. (D) A petty cash voucher

19. (D) Goods receive notes

20. (C) A remittance advice