1
A person wishing to buy goods will try to find out information about them. He or She will send a __________ to a seller, requesting information such as:
specifications, prices, dispatch and delivery arrangements, and payment procedures.
Letter of Enquiry
After the seller sends a quotation to the buyer the next documentation used by the buyer is called...
Purchase Order
What are the 4 main ways a firm can pay off its debts?
1. Cash 2. Cheque 3. Banker's Draft 4. Online Banking
An Advice note advises the buyer that their order has been ________________
Despatched/ Sent/ On the way
What is a business document?
A business document refers to all documents, reports, contracts, and records related to a particular business. Business documents are essential instruments for decision-making, record-keeping, and communication. They include a wide variety of written resources that support various corporate operations.
Name 4(four) things found on a Purchace Order.
Order #, Name of Seller, Date, Signature, Delivery address, Seller address, Quantity, Description, Unit Price, Buyer contact information.
Name the document used for internal request of inventory
Requisition Form
A________________ is a document that reflects all transactions that took place between you and a particular customer for a given period of time.
Statement of accounts
TRUE OR FALSE
A business plan is considered a business document.
True
Which document is sent in the case where a customer is over charged?
Credit note
What is a Quotation?
A quotation is a document that a seller provides to a buyer to offer goods or services at a stated price under specified conditions.
Name 3 documents found in a business.
Letter of Enquiry, Advice note, Invoice, Pro forma invoice, Purchasing order, Credit note, Debit note, Statement of account, Requisition, Stock Records.
A __________ is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service.
A receipt
What is an Invoice?
A document used to notify a customer that payment is due.
Which document is sent in the case where a customer is undercharged?
Debit Note