Remittance advice

Unit 2 Key Terms

Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Used 18+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
notification sent by a customer to a supplier informing them that their invoice has been paid.
an instruction given by an account holder to the bank to allow another account holder (usually a business) to withdraw funds from that account.
to reimburse staff for small purchases made for the business
this is sent by the seller / supplier to a customer if, for example goods received by a customer have been damaged in transit, an error has been made on the invoice or the customer returns an item
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Invoice
an instruction given by an account holder to the bank to pay a specific amount to another account on a regular basis
a document that a business issues to customers requesting payment for goods
– this is issued by a supplier to a customer, usually at the end of each month. This states all transactions over the last period
rules which provide a framework for employees to follow which are associated with the levels of responsibility employees have in the hierarchy.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Agenda
form of promotion that is used when a business wants to make an announcement to the media
Document produced in advance of a meeting which lists items to be discussed
these provide a summary of what is discussed and agreed in a meeting
a legally binding document between a supplier and a customer/buyer. It lists the items ordered and the agreed purchase price.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Press release
these provide a summary of what is discussed and agreed in a meeting
Document produced in advance of a meeting which lists items to be discussed
these provide a summary of what is discussed and agreed in a meeting
form of promotion that is used when a business wants to make an announcement to the media
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Minutes
these provide a summary of what is discussed and agreed in a meeting
Document produced in advance of a meeting which lists items to be discussed
form of promotion that is used when a business wants to make an announcement to the media
a document that a business issues to customers requesting payment for goods
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Standing order
a document that a business issues to customers requesting payment for goods
an instruction given by an account holder to the bank to allow another account holder (usually a business) to withdraw funds from that account.
an instruction given by an account holder to the bank to pay a specific amount to another account on a regular basis
to reimburse staff for small purchases made for the business
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Purchase order
notification sent by a customer to a supplier informing them that their invoice has been paid.
a document that a business issues to customers requesting payment for goods
a legally binding document between a supplier and a customer/buyer. It lists the items ordered and the agreed purchase price.
this is sent by the seller / supplier to a customer if, for example goods received by a customer have been damaged in transit, an error has been made on the invoice or the customer returns an item
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