Documents of Home trade

In what order should the following home trade documents be used?

• invoice, statement, order, quotation

• Order, quotation, invoice, statement

• Quotation, order, invoice, statement

• Statement, invoice, enquiry, order

For what purpose is an invoice sent from the seller to the buyer?

• To confirm the receipt of the customer’s order

• To inform the buyer of the despatch of goods

• To show the details and cost of a particular purchase

• To summarise a number of transactions over a period

The diagram shows a statement of account. What is the value of X?

• $440.00

• $560.00

• $640.00

• $730.00

What is the purpose of printing 'E and O.E.' on an invoice?

• To enable mistakes to be corrected later by the supplier

• To ensure that the customer does not alter the figures

• To give details of cash and trade discounts

• To show that the supplier has made an error

What information would be found in a quotation?

• Details of goods returned by a customer

• Instructions to a carrier relating to the delivery of goods

• Prices and terms under which the goods will be sold

• Summary of a number of transactions

Which document is sent as a response to an enquiry?

• order form

• delivery note

• invoice

• quotation

In the diagram, Trendy Wholesalers prepared a statement of account for Lee Designs. Why was a credit note issued on April 25?

• Cash discount of $60 was given.

• Goods valued at $60 were bought on April 25.

• Goods valued at $60 were returned.

• Payment of $60 was made by cheque.

Which document would be used for requesting payment for several transactions?

Which document would be used for allowing a reduction in the amount owed because of faulty goods?

Which document would be used that accompanying goods supplied to the retailer?