Business Documents

Which business document contains details of purchases , returns and payments occurring during a trading period ?

• credit note

• debit note

• invoice

• statement of account

On 4th Feb 2020, Ann purchased goods , list price $5200 on credit from Maria. The terms of trade were :

20% trade discount on orders over $5000

2.5% cash discount if account paid by the end of the month.

Which amount did Ann enter in her accounts on 4th FEb ?

• 4056

• 4160

• 5070

• 5200

Insert missing word for (i)

• 506

• 529

• 11.5

• 423

Identify the missing word in (ii)

• cash

• trade

• credit

• debit

Identify the missing figure in (iii)

• 105.8

• 2.3

• 101.2

• 529

Identify the missing figure in (iv)

• 432.2

• 433.3

• 423.2

• 423.3

Name the person who issued the credit note

• anytown

• industrial estate

• TOm Brown

• AB Jones

which discount is not recorded in the books of accounts ?

• trade discount

• cash discount

Zodwa sold goods on credit to Elspeth. which document did Elspeth issue when she returned the goods ?

• credit note

• debit note

• invoice

• reciept

a written acknowledgement of money received

• debit note

• receipt

• credit note

• invoice