Accounting A-Level AQA - Accounting System Exam Questions with correct Answers

Accounting A-Level AQA - Accounting
System Exam Questions with correct
Answers

Source /Document /- /verified /answers-✔✔gives /details /& /provides /evidence /of /business
/transactions /that /have /taken /place




Sales /Invoice /- /verified /answers-✔✔A /document /being /issued /by /the /seller /to /a /buyer /which
/indicates /the /amount /and /cost /of /products /or /services /that /have /been /provided /by /a /seller


/(sellers /book /- /issued)




Purchases /Invoice /- /verified /answers-✔✔a /document /being /received /by /the /buyer /from /the
/seller /which /indicates /the /amount /and /cost /of /products /or /services /that /have /been /provided


/by /a /seller /(buyers /book- /received)




Sales /Credit /Note /- /verified /answers-✔✔A /document /being /issued /by /the /seller /to /the /buyer,
/which /states /that /a /certain /amount /of /money /has /been /given /back /to /the /buyer /(sellers /book


/- /issued)




Purchases /Credit /Note /- /verified /answers-✔✔a /document /being /received /by /the /buyer /from
/the /seller, /which /states /that /a /certain /amount /of /money /has /been /given /back /to /the /buyer


/(buyers /book /- /received)




Cheque /Counterfoil /- /verified /answers-✔✔A /document /that /is /kept /after /writing /a /cheque /as
/a /record /of /the /deal /that /has /taken /place. /It /serves /as /a /receipt /or /a /reminder /of /what /the


/cheque /was /written /out /for. /(payment /by /cheque /from /our /bank /account)

, Paying-in /Slip /Counterfoil /- /verified /answers-✔✔A /document /that /a /person /customarily /fills
/out /when /they /have /a /cheque /and/or /cash /to /pay /into /their /bank /account. /The /purpose /of


/this /is /for /the /bank's /record. /(Cheque /or /cash /into /your /bank)




Cash /Receipt /- /verified /answers-✔✔A /document /that /is /printed /when /cash /is /received /for
/goods /or /services /. /This /is /given /to /the /buyer /for /proof /of /purchase /and /the /business /may


/want /to /keep /a /copy /for /future /reference.




Till /Rolls /- /verified /answers-✔✔Paper /rolls /used /in /cash /registers /to /print /off /documents /like
/cash /receipts /for /the /business /and /buyers /(evidence /for /cash /sales)




Bank /Statement /- /verified /answers-✔✔A /document /that /shows /transactions /that /have /gone
/in /and /out /of /someone's /bank /(standing /order, /direct /debit, /BACS, /credit /transfer /& /bank


/charges)




Standing /Order /- /verified /answers-✔✔An /instruction /to /your /bank /by /you /to /pay /a /set
/amount /at /regular /intervals /to /another /account /or /company /(eg /rent) /- /you /are /in /control




Direct /Debit /- /verified /answers-✔✔An /agreement /made /with /a /bank /that /allows /a /person /or
/company /to /transfer /money /from /your /account /on /agreed /dates /(eg /gas, /electrics,


/telephone) /- /the /business /is /in /control




BACS /- /verified /answers-✔✔(Bankers /automated /clearing /service) /transfers /money /from /bank
/account /to /bank /account




Credit /Transfer /- /verified /answers-✔✔An /order /from /you /to /your /bank /account /to /send
/money /to /another /bank /account




Bank /Charges /- /verified /answers-✔✔Covers /all /charges /made /by /the /bank /to /their /customers