CSEC POB BUSINESS DOCUMENTATION, RECORD KEEPING AND PREPARATION

What is the act of creating and keeping records of business transactions called?

• Financial analysis

• Documentation

• Marketing strategy

• Record keeping

Which of the following is NOT a purpose of documentation for businesses?

• Tracking income and expenses

• Boosting sales through marketing campaigns

• Making financial decisions

• Preparing for audits

What is the process of collecting, storing, and organizing business documents known as?

• Documentation

• Record keeping

• Financial planning

• Customer service

Why is record keeping important for businesses?

• To improve employee morale

• To monitor business performance

• To increase production efficiency

• To enhance customer experience

Which of the following is NOT a common type of business document?

• Pro forma invoice

• Customer feedback form

• Request for quotation

• Purchase requisition

What is a document used to request the purchase of goods or services called?

• Purchase requisition

• Credit note

• Statement of account

• Stock or bin cards

Which document outlines the estimated cost of goods or services?

• Request for quotation

• Delivery note

• Debit note

• Pro forma invoice

What document authorizes the purchase of goods or services from a supplier?

• Purchase order

• Credit note

• Stock or bin cards

• Statement of account

Which document lists the goods or services delivered to a customer along with the price?

• Delivery note or supplier invoice

• Request for quotation

• Debit note

• Statement of account

What document is issued to a customer to reduce the amount of money they owe to a business?

• Credit note

• Pro forma invoice

• Purchase order

• Stock or bin cards