Which of the following documents serves as a source voucher for a credit purchase? MCQ with Answer and Explanation

Question

Share Report Error

Which of the following documents serves as a source voucher for a credit purchase?

A. Cash memo

B. Pay-in slip

C. Debit note issued by us

D. Invoice received from supplier

Answer: Option D

Solution (By JKSSB Mock Tests)

The supplier's invoice is the evidence of a credit purchase, acting as a source voucher.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

'Bills Payable' is shown under:

A. Current liabilities

B. Capital

C. Non-current liabilities

D. Current assets

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Bills payable are obligations payable on demand or within a year, thus current liabilities.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The objective of social audit is to:

A. Maximize profits

B. Ensure compliance with tax laws

C. Assess the social impact of an organization's activities

D. Detect financial frauds

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Social audit evaluates how well an organization achieves its social and environmental goals, assessing its broader impact on society.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

The 'Directorate General of Foreign Trade' (DGFT) is under:

A. Ministry of External Affairs

B. Ministry of Commerce and Industry

C. RBI

D. Ministry of Finance

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
DGFT is the nodal agency for foreign trade policy under Ministry of Commerce.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs