Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Journal Entries: Debits and Credits

Financial Accounting

2. Transaction Analysis

Journal Entries: Debits and Credits

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Multiple Choice

Which of the following is a business form that provides written acknowledgement for cash received?

Invoice

Check

Voucher

Receipt

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Verified step by step guidance

Understand the question: The problem is asking for the business form that serves as a written acknowledgment for cash received. This means we need to identify the document that confirms the receipt of cash in a business transaction.

Analyze the options: Review each option provided (Invoice, Check, Voucher, Receipt) and consider their definitions and purposes in financial accounting.

Define 'Invoice': An invoice is a document issued by a seller to a buyer, detailing the goods or services provided and the amount owed. It does not serve as proof of cash received.

Define 'Check' and 'Voucher': A check is a written order directing a bank to pay a specific amount of money from the account holder's account. A voucher is a document used to authorize a payment or confirm a transaction, but it is not specifically for acknowledging cash received.

Define 'Receipt': A receipt is a written acknowledgment that cash has been received. It is the correct answer because it directly serves the purpose described in the question.