CA Foundation Exam > CA Foundation Questions > The source document or voucher used for recor...
Start Learning for Free
The source document or voucher used for recording entries in sales Book is :
- a)Invoice received
- b)Invoice sent out
- c)Credit notes sent out
- d)Debit notes received
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The source document or voucher used for recording entries in sales Boo...
Sales Book records only credit sale of goods to the customers. When goods are sold, invoices are sent out to them and that only becomes the source document or voucher for recording transaction in sale book.
Most Upvoted Answer
The source document or voucher used for recording entries in sales Boo...
Sales Book is a book of original entry where all the sales transactions of a business are recorded. The source document or voucher used for recording entries in Sales Book is an Invoice sent out.
Explanation:
An invoice sent out is a source document or voucher that is used as evidence of a sale made by a business. It contains details of the products or services sold, their quantities, unit prices, and the total amount payable by the customer. When a business sends out an invoice to a customer, it records the transaction in the Sales Book as a credit sale.
Credit notes sent out and Debit notes received are not the source documents for recording entries in the Sales Book as they relate to adjustments made to previous sales transactions. Credit notes are issued when a business has to give a refund or when the customer returns goods, and Debit notes are issued when the business has to charge the customer for additional goods or services.
Invoice received is also not the source document for recording entries in the Sales Book as it relates to purchases made by the business, not sales made by the business.
Therefore, the correct answer is option B, Invoice sent out, which is the source document for recording entries in the Sales Book.
Explanation:
An invoice sent out is a source document or voucher that is used as evidence of a sale made by a business. It contains details of the products or services sold, their quantities, unit prices, and the total amount payable by the customer. When a business sends out an invoice to a customer, it records the transaction in the Sales Book as a credit sale.
Credit notes sent out and Debit notes received are not the source documents for recording entries in the Sales Book as they relate to adjustments made to previous sales transactions. Credit notes are issued when a business has to give a refund or when the customer returns goods, and Debit notes are issued when the business has to charge the customer for additional goods or services.
Invoice received is also not the source document for recording entries in the Sales Book as it relates to purchases made by the business, not sales made by the business.
Therefore, the correct answer is option B, Invoice sent out, which is the source document for recording entries in the Sales Book.
Free Test
FREE
| Start Free Test |
Community Answer
The source document or voucher used for recording entries in sales Boo...
B
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer?
Question Description
The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer?.
The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer?.
Solutions for The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The source document or voucher used for recording entries in sales Book is :a)Invoice receivedb)Invoice sent outc)Credit notes sent outd)Debit notes receivedCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup