Source Documents Flashcards
What kind of information can be found on a cash receipt?
The name of the business issuing the receipt The receipt number The date of the receipt Who the money was received from What the money was received for
When is a cash receipt used?
It is issued to a person who has payed the business money to acknowledge the payment.
What kind of information can be found on a cash register roll?
The name of the seller or business providing the service
Date of the sale or service
Amount and price of each item sold or service delivered
Total of the sales or service
VAT
When is the cash register roll used?
It is used when a business receives money that goes into a till (cash register).
What kind of information can be found on a cash invoice?
Name of the business issuing the invoice
Invoice number
Date of the transaction
Description and cost of the purchase
What kind of information can be found on a bank deposit slip?
Name of the bank where the account is held Date of deposit Name of account holder Branch name Account number of the account holder Name and signature of the depositor Value of notes and coins to be deposited (in their denominations Details of cheque to be deposited Total value of deposit
When is a cash invoice used?
It is used to tell a customer how much money they owe the business.
What kind of information can be found on a cheque?
The name of the bank that the depositor belongs to The date the cheque was issued The name of payee The name of payer The amount in words The amount in digits The cheque number
How can we secure cheques?
We can cross the cheques
We can write ‘not transferable’
When is a bank deposit slip used?
It is used whenever a business or person deposits money into their own or another person’s bank account.
What kind of information can be found on the cheque counterfoil?
The date The name of payee The reason for payment The amount paid The cheque number
What kind of information can be found on a bank statement?
Name of the issuing bank
Name of the account holder
Account number
Date of issue
Statement number
List of all the money received into and paid out of the account during the time period
Balance of the account at the time period
When is a cheque used?
A cheque is used by a business to pay someone for something. The cheque can be taken to a bank where the money will be transferred to the holder of the cheque.
When is a cheque counterfoil used?
A cheque counterfoil is a copy of every cheque a business issues to keep track of the business’s payments.
When is a bank statement used?
A bank statement is issued by the bank to a business or person to tell them how much money they have in their bank account.
