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