General Knowledge
This is when a customer asks a business for information about a product or service before buying.
What is an Enquiry?
This document tells the buyer how much they owe for the goods or services provided.
What is Invoice?
Used for transactions, as well as for other purposes such as auditing and paying taxes.
What are Business Documents?
This official document is sent by a buyer to confirm they want to purchase certain goods.
What is a Purchase Order?
This document confirms that the seller has received the buyer’s payment.
What is a Receipt?
Business documents clearly state:
quantities, prices, ______________
What is Terms?
Sent by the seller to confirm they have received the buyer’s order.
What is Acknowledgement.
This is the act of transferring money from the buyer to the seller to settle the invoice.
What is Payment?
Business documents provide Information for the Accountant to prepare_____________, at the end of the month.
What is a Financial Statement?
Business documents are used for purposes such as auditing and __________.
What is Tax?
This document gives details about prices, quantities, and terms before a customer decides to buy.
What is a Quotation?
Business documents help monitor ____________ levels and ensure goods are reordered before shortages occur.
What is Inventory?
Enquiry is to Buyer as Purchase Order is to ________
What is Seller?
This document is sent with the goods and lists the items being delivered.
What is a Delivery Note?
Conduct an official financial inspection of a company or its accounts.
What is Audit?