Top Mark Questions and Correct Verified Answers
FAC1501 Questions and Correct Verified
Answers
Source Document
✓ Proof that a transaction occurred
Cash Transactions effect?
✓ Bank Account, Petty Cash and or Cash Float
Business Transaction
✓ a record of a large number of transactions an entity is engaged in .
Business Document Details
✓ Date, amount, type of transaction and with whom
Internal source document
✓ documents prepared by an entity to record transactions with external clients.
Source documents are drawn up in...
✓ Duplicates
(Internal Source Document) ... is given to the clients and ... is kept by the entity.
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
✓ Original - Diplicate
Cash Register Roll (Internal/External Source Document)
✓ Internal Source Document
Duplicate Cash Sales Invoice (Internal/External Source Document)
✓ Internal Source Document
Duplicate Reciepts (Internal/External Source Document)
✓ Internal Source Document
Cheque Counterfoils (Internal/External Source Document)
✓ Internal Source Document
Petty Cash Vouchers (Internal/External Source Document)
✓ Internal Source Document
Duplicate Bank Deposit Slips (Internal/External Source Document)
✓ Internal Source Document
Internet Banking: Notice of Payment (Internal/External Source Document)
✓ Internal Source Document
Top Mark !!!
FAC1501 Questions and Correct Verified
Answers
Source Document
✓ Proof that a transaction occurred
Cash Transactions effect?
✓ Bank Account, Petty Cash and or Cash Float
Business Transaction
✓ a record of a large number of transactions an entity is engaged in .
Business Document Details
✓ Date, amount, type of transaction and with whom
Internal source document
✓ documents prepared by an entity to record transactions with external clients.
Source documents are drawn up in...
✓ Duplicates
(Internal Source Document) ... is given to the clients and ... is kept by the entity.
Top Mark !!!
, Top Mark Questions and Correct Verified Answers
✓ Original - Diplicate
Cash Register Roll (Internal/External Source Document)
✓ Internal Source Document
Duplicate Cash Sales Invoice (Internal/External Source Document)
✓ Internal Source Document
Duplicate Reciepts (Internal/External Source Document)
✓ Internal Source Document
Cheque Counterfoils (Internal/External Source Document)
✓ Internal Source Document
Petty Cash Vouchers (Internal/External Source Document)
✓ Internal Source Document
Duplicate Bank Deposit Slips (Internal/External Source Document)
✓ Internal Source Document
Internet Banking: Notice of Payment (Internal/External Source Document)
✓ Internal Source Document
Top Mark !!!
