TOPIC 3- SOURCES OF DOCUMENTS

Businesses use it as a confirmation document that is sent to the customers before delivery of goods or service.

• Debit Note

• Credit Note

• Sales Order

• Purchase Order

A document given to the buyer by the seller to collect payment and it involves credit transactions.

• Cash Bill

• Invoice

• Cheque

• Credit Note

A documented receipt of cash payment as opposed to an invoice or promise to pay.

• Cash Bill

• Sales Journal

• Invoice

• Cash Book

The payment was made but no receipt issued.

• Cash Receipt

• Invoice Received

• Cheque

• Cash Voucher

A document which orders a bank to pay a particular amount of money from a person's account to another individual's or company's account in whose name which has been made or issued

• Cheque

• Cash Payment

• Payment Voucher

• Cash Bill

A short document used to transmit information within an organization.

• Debit Note

• Memo

• Sticker

• Yellow Pages

Credit note is an articulated form of sales return and is used to reflect that a debit is made to the buyer’s account

• TRUE

• FALSE

A document issued by a carrier, carrier's agent, or breakbulk agent authorizing..

• Sales Order

• Purchase Order

• 
  Delivery Order

• Cash Order

If we received the invoice from the supplier it means that we............................. goods by credit.

• Purchase

• Sales

• Purchase Return

• Sales Return

Official receipt is issued by the seller to the buyer as written evidence on sale of services or leasing of properties, as well as acknowledgement on collection of cash payment on services rendered

• TRUE

• FALSE