Functions of source documents - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 16:

• JAMB 2015

When the invoice of a customer is overcast, the supplier will send to him a

A. Debit note
B. Cheque
C. Credit note
D. Payment voucher

Question 17:

• JAMB 2016

Which of the following condition would attract credit and debit notes to be used?

A. When goods are received from supplier
B. When a trial balance is extracted
C. When a buyer is under or over charged
D. When goods are sold to a buyer

Question 18:

• JAMB 2016

A receipt is an evidence of

A. Payments
B. Stocking
C. Delivery
D. Discounts

Question 19:

• JAMB 2017

Which of these is the main source document for recording cash paid into bank?

A. Invoice
B. Cheque book
C. Credit note
D. Pay-in-slip

Question 20:

• JAMB 2018

The major source of document which enables employer to calculate the employee wages is the?

A. Norminal roll of employees
B. Records of number of hours worked
C. Effort of the employee
D. Record of independence per employee