11 mark
Which items are not shown on a statement of account?
bank charges
credit notes
opening and closing balances
statement date
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Business Documents (Cambridge (CIE) IGCSE Accounting)
Exam Questions
11 mins11 questions21 mark
Azar purchased goods from Lara. Azar paid for the goods by bank transfer when he received a statement of account, but Lara says that she has not received the payment.
Which one of the following documents would help Azar check that he had made the payment?
bank statement
cheque counterfoil
paying-in slip
petty cash voucher
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31 mark
If a credit customer has returned goods or been overcharged, which one of the following documents would a supplier issue to the customer?
cheque
credit note
debit note
invoice
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41 mark
Ben sold goods to Abigail on credit, but some of the goods were damaged in transit.
Which one of the following documents would Abigail send to Ben?
credit note
debit note
invoice
statement of account
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11 mark
Which one of the following documents is provided by a supplier and reduces the amount owed by a customer?
credit note
debit note
invoice
statement of account
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21 mark
Which one of the following documents does a trader issue to a credit customer to remind the customer that a payment is due?
credit note
debit note
receipt
statement of account
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31 mark
What is the purpose of a cheque counterfoil?
It is used to pay a cheque into the bank account.
It is used to pay for goods purchased by cheque.
It is used to record a cheque payment in the cash book.
It is used to record a cheque received in the cash book.
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41 mark
Leandu maintains a full set of accounting records for her business.
Why would it be useful for Leandu to complete the cheque counterfoil when she pays a credit supplier by cheque?
It allows her to keep the purchases account up to date.
It is helpful for preparing the bank reconciliation statement.
It provides proof of the amount she has paid to the supplier.
It records information to help her maintain the cash book.
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11 mark
Mitig sold goods with a list price of $70 each.
The terms were as follows
trade discount when more than 50 items are purchased: 10%
cash discount if customer pays within 28 days: 6%
How much did Mitig receive in full settlement from a customer who bought 60 items and paid after 30 days?
$3150
$3528
$3780
$3948
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21 mark
In October, Eira sent Gwilym invoices for $205, $120 and $170, and a credit note for $72. Also in October, Gwilym sent Eira a cheque for $198 and a debit note for $80. There was no opening balance on Eira's account at the start of October.
What was the balance on Eira's account in Gwilym's books on 1 November?
$145 credit
$145 debit
$225 credit
$225 debit
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31 mark
On 1 November, Inaya purchases goods on credit. The list price of the goods is $500. She is given a trade discount of $50, and if payment is made within 30 days a cash discount of $20 will be given.
Which amount is credited to the supplier's account on 1 November?
$430
$450
$480
$500
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