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Anthony’s TVET College Emdibir

Department of Accounting and Finance

Title of Occupation: Processing financial transactions and extracting interim reports

Exam (40%)

Name –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Sex –––––––––––––––––––––––––

1…………… is a written acknowledgment that a specified article or payment has been received.
A .Voucher B. Receipt C. petty Cash D. None
2 . A credit note is a commercial document issued by a buyer to seller.
A. True B. False
3…………………….. is a form supplied by a bank for a depositor to fill out, designed to
document in categories the items included in the deposit transaction.
A. Credit note B. Invoice C. Deposit slip D. All
4. A purchase order is a commercial document and first official offer issued by a buyer to a
seller, indicating types, quantities, and agreed prices for products or services
A. False B. True
5…………………..is the original record containing the details to substantiate a txn entered in an
accounting system.
A. Source document B. Petty cash C. Voucher D. None
6. The information should be included on all your invoices:
A. Company name B. Company number C. VAT registration number
D. Company address E. All

7. The journal is where double entry bookkeeping entries are recorded by debiting one or more
accounts and crediting another one or more accounts with the same total amount.
A. False B. True
8. There are four specialty journals, which are so named because you record specific types of
routine transactions in them. These journals are
A. Sales journal B. Cash receipts journal C. Purchases journal
D. Cash disbursements journal D. All

∞ On 1st January, petty cash of $300 is introduced. Petty cash register shows the following
payments in the month of January:
5rd January Tea $50
17th January Stationery $100
28th January Plumber $120
Required 9. Initial injection of petty cash will be recorded
10.petty cash payment will be recorded