EMS0940

The supplier is a (A) from the view point of the purchasing business as (B) is owed to the supplier.

• (A) Debtor

• (B) Money

• (A) Creditor

• (B) Assets

A/an (A) will be issued by the supplier and the (B) will be handed to the purchasing business.

• (A) Debit note

• (B) Original Invoice

• (A) Invoice

• (B) Receipt

The ___ will explain what the conditions for repaying the amount owed are

• Cash Invoice

• Credit Invoice

• Cash Receipt

• Credit Receipt

The credit purchase transaction will be entered in the (A) and posted to the (B) on a daily basis

• (A) Debtors Journal

• (B) Debtors Ledger

• (A) Creditors Journal

• (B) Creditors Ledger

From the perspective of the supplier the business who made the credit purchases is called a ____

• Creditor

• Debtor