Business Documents

________ is a document issued by seller showing details, quantities and prices of goods supplied.

• Invoice

• Credit Note

• Debit Note

• Cheque

0. _________ is shown as a deduction on the invoice.

• Cash Discount

• Trade Discount

• Rate

• Salary

0. _______ is only allowed if the invoice is paid within a set time limit.

• Trade Discount

• Cash Discount

• Rate

• Salary

_________ is a document issued by a purchaser of goods on credit to request a reduction in the invoice received.

• Invoice

• Credit Note

• Debit Note

• Statement of Account

________ is a document issued by
a seller of goods on credit to notify of a reduction in an invoice previously issued.

• Invoice

• Credit Note

• Debit Note

• Statement of Account

__________ is a document issued by the seller of goods on credit to summarise the transactions for the month.

• Invoice

• Debit Note

• Credit Note

• Statement of Account

Where there has been an overcharge on an invoice, the supplier may issue a __________ to the buyer.

• Invoice

• Credit Note

• Debit Note

• Statement of Account

_________ is a written order to a bank to pay a stated sum of money to the person or business named on the order.

• Cheque

• Invoice

• Credit Note

• Debit Note

A ___________ is a written acknowledgement of money received and acts as proof of payment.

• Invoice

• Credit Note

• Cheque

• Receipt

Which document is considered to record transactions in the Purchase Return Journal?

• Invoice

• Credit Note

• Debit Note

• Cheque