Component 3 Assessment B revision

Which of the below is filled in by a business to order some goods from another business?

• Invoice

• Delivery note

• Purchase order

• Receipt

• Credit note

Which of the below is received when goods are delivered?

• Invoice

• Delivery note

• Purchase order

• Receipt

• Credit note

Which of the below is received when goods are returned back to the supplier?

• Invoice

• Delivery note

• Purchase order

• Receipt

• Credit note

Which of the below is received when your supplier requires you to pay for goods?

• Invoice

• Delivery note

• Purchase order

• Receipt

• Credit note

Which of the below is received once you have paid for goods?

• Invoice

• Delivery note

• Purchase order

• Receipt

• Credit note

Which of the below represents the businesses profit after all costs have been subtracted?

• Sales (turnover)

• Cost of sales

• Gross profit

• Expenses

• Net profit

Which of the below represents the money coming in from selling goods and services?

• Sales (turnover)

• Cost of sales

• Gross profit

• Expenses

• Net profit

Which of the below represents the money spent on products and materials?

• Sales (turnover)

• Cost of sales

• Gross profit

• Expenses

• Net profit

Which of the below represents the money spent other costs such as bills, insurance and salaries?

• Sales (turnover)

• Cost of sales

• Gross profit

• Expenses

• Net profit

Which of the below represents the money left after cost of sales are subtracted from the sales?

• Sales (turnover)

• Cost of sales

• Gross profit

• Expenses

• Net profit