Source Documents is one of 9 topics in the Grade 10 Accounting CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. A source document is best described as:
The original proof that a transaction actually took place
A summary of all transactions for the year
Something only needed for cash transactions
A document only SARS ever needs to see
Answer: The original proof that a transaction actually took place — A source document is the original evidence that a transaction happened, and every accounting entry should be traceable back to one.
Easy
2. An invoice is issued as proof of:
A sale or purchase of goods/services on credit
A cash payment received
Money deposited at the bank
Goods returned to a supplier
Answer: A sale or purchase of goods/services on credit — An invoice documents a credit transaction: the seller issues it as a sales invoice, and the buyer records their copy as a purchases invoice.
Medium
3. From the buyer's point of view, an invoice received for goods bought on credit is called a:
Purchases invoice
Sales invoice
Credit note
Receipt
Answer: Purchases invoice — The buyer refers to the invoice as a purchases invoice, recording a purchase made on credit; the same document is called a sales invoice by the seller.
