O-LevelAccountingSources and recording of data7707/12 · Oct/Nov 2012 · Q41 Mark

What is the purpose of an invoice?

Ato confirm that a payment has been received

Bto confirm that damaged goods have been returned

Cto show details of all transactions with a customer during the month

Dto show details of goods that have been supplied on credit

✓ Correct answer

D: to show details of goods that have been supplied on credit

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 4.

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