Which of These Items Is the Source Document for the Sales

question 11

Multiple Choice

Which of these items is the source document for the sales journal?

• A) Purchase order
• B) Invoice from supplier
• C) Duplicate of invoice sent to customer
• D) Copy of receipt sent to customer

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Definitions:

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future time.

Good Faith

A principle that implies honesty and sincerity of intention in the fulfillment of one's duties or negotiation.

Promissory Note

A financial instrument indicating a written promise by one party to pay a definite sum of money to another party under agreed terms.

Notice

A formal communication or announcement given to someone to make them aware of something or to officially inform them of a decision or legal requirement.