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Common Accounting Forms: Function & Purpose

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Mr. Scott, an individual, purchased a tech gadget online. Which one of the following provides confirmation of the sale?

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1. The marketing department of a major corporation will attend a local health fair and would like to order 1,000 promotional items. What is the first step in the process?

2. When a company orders supplies and pays the supplier, what is the appropriate instrument to send for payment?

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About This Quiz & Worksheet

Assess what you know about how to use common accounting forms with this quiz and worksheet. These practice questions focus on the purpose of several different documents.

Quiz & Worksheet Goals

This quiz serves as a tool to help you demonstrate your understanding of forms that:

  • Provide proof of a sale
  • Send payments
  • Start orders

Skills Practiced

You can use these practice questions to work on the following abilities:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on common accounting forms
  • Information recall - access the knowledge you've gained regarding the form used to begin ordering items
  • Knowledge application - use your knowledge to identify the document used to sign for a shipment

Additional Learning

We provide further information about this subject in the lesson entitled Common Accounting Forms: Function & Purpose. Study this lesson if you'd like to find out more about these topics:

  • Purposes of accounting forms
  • Who is interested in these forms
  • How various accounting forms should be used
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