Business Documents

Which of the following documents would be sent by the buyer to the seller?

• Invoice

• Order

• Credit Note

• Statement

Which of the following documents shows the prices available from the supplier of goods and services?

• Order

• Quotation

• Invoice

• Statement

Which of the following documents is sent by a seller to a buyer when goods have been returned?

• Invoice

• Statement

• Credit Note

• Debit Note

VAT stands for

• Value Add Tax

• Value Addition Tax

• Value Added Tax

VAT is...

• added to a payment

• subtracted from a payment

Which document lists all the transactions between a buyer & a seller over a period of time and the amount that is still due at the end of the period?

• Invoice

• Statement

• Receipt

• Quotation

A letter of enquiry is sent from:

• the buyer to the seller

• the seller to the buyer

If the buyer does not pay for the goods when they are ordered or delivered, the seller will issue

• a debit note

• a credit note

• a quotation

• an invoice

A buyer will be issued with a credit note when

• Goods are damaged

• The goods are of bad quality

• both of the above

A debit note is issued from the seller to the buyer when

• the buyer has been undercharged

• the buyer has been overcharged