Pertemuan 2

Question 1

Which of the following is a source document that would be entered into the accounting system?
Answer : Credit Note

Question 2

Which of the following best explains the imprest system of petty cash?
Answer : The exact amount of petty cash expenditure is reimbursed at intervals to maintain a fixed float

Question 3

When a purchase invoice is received from a supplier which two of the following documents would the
invoice be checked to?
Answer : Purchase order dan Goods received note

Question 4

George purchases goods on credit from Hardeep for £1,000. £1,000 of these goods are defective and
George returns them to Hardeep. What document would Hardeep issue to George in respect of the
returned goods?
Answer : Credit Note

Question 5

Oscar downloads his bank transaction report for the day. The report shows a cash payment of £412.
Which the computerised accounting system has not been able to match to a transaction.

The unmatched payment is most likely the result of:

Answer : The purchase of a new laptop for £412

Question 6

Which two of the following are source documents that contain information that will be entered into a
business’s accounting system?
Answer : Cheque to a supplier dan Invoice to a customer

Question 7

Transactions are processed in the computerised accounting system at the point at which they occur is a
description of batch processing in a computerised accounting system.
Answer : False

Question 8

Sales orders are source documents that are recorded in the accounting system.
Answer : False
Question 9

When an entity returns goods to a supplier it will expect to receive from the supplier.
Answer : Credit note

Question 10

Which of the following are source documents for credit purchases?

Answer : Supplier’s invoices and credit notes

Question 11

Which of the following documents would be issued by a supplier if it was discovered it had overchanged
its custonmer by £400?
Answer : A credit note

Question 12

The cost of employer’s NI contributions is part of a company is:

Answer : Gross wages and salaries cost

Question 13

A business paid out £12,450 in net wages to its employees. In respect of these wages, the following
amounts were shown in the statement of financial position.

PAYE Payable 2,480

National insurance payable – employees 2,480

– employer's 1,350

No other deductions were made. 1,500

Employees' gross wages, before deductions, were:

Answer : £16,280

Question 14

On April 1 Amara had balance of £100 (the imprest amount) in petty cash. At the end of April she has
vouchers totalling £38, a receipt for a refund for stationery of £4 and a note to say that an employee was
reimbursed £12 in respect of postage costs but no voucher was issued.

How much does Amara need to reinstate her imprest balance at 30 April?
Answer : £46
Question 15

The following data has been extracted from the payroll records of Kleen Ltd for the month of February
20X1.

PAYE 17,000

Employer's NIC 7,500

Employees' NIC 6,000

Cash paid to employees 50,000

The wage expense for the month is:

Answer : £80,500

Question 16

Petty cash is controlled under an imprest system. The imprest amount is £100. During a period, payments
totalling £53 have been made. How much needs to be reimbursed at the end of the period to restore petty
cash to the imprest account?
Answer : £53

Question 17

Please fill in the blanks.

debit note
Queen supplies sends out a to a credit customer in order to correct an error
sales invoice
where a customer has been overcharged on a

Answer : Queen supplies sends out a [credit note] to a credit customer in order to correct an error where a
customer has been overcharged on a [sales invoice]

Question 18

Which one is an example of a standing data?

Answer : Address of the business

Question 19

Debit note is a source document

Select one: true or false

Answer : false
Question 20

Which one is a disadvantage of cloud accounting?

Answer : Increased risk of data security