FINANCIAL VOCABULARY

1. What is an invoice?

• A delivery truck for goods

• A document listing services and amount to pay

• A payment confirmation

• A quote for future purchases

2. The due date refers to:

• The day the order was placed

• The day you will receive your goods

• The final day to make a payment

• The date the client will pay

3. A quote is:

• A document to confirm payment

• A discount for new customers

• A tax receipt

• An estimated price for products or services

4. The subtotal is:

• The delivery cost of a product

• The total cost before taxes and shipping

• The price after adding tax and shipping

• The total amount paid in cash

5. VAT is:

• A tax added to the sale of goods/services

• A warranty for expensive items

• A payment method used in Europe

• A company name

6. Shipping cost is the amount paid for:

• Cleaning products

• Tax refunds

• Delivering goods to the buyer

• Changing bank details

7. A remittance is:

• A type of product

• A discount offered for early payment

• A payment sent, usually via bank transfer

• A delivery service

8. Bank details include:

• Information needed to make a payment

• Product descriptions and photos

• Client references

• Delivery address only

9. A wire transfer is used to:

• Send money electronically between banks

• Deliver physical goods

• Print receipts

• Track invoices

10. Payment received means:

• The money still needs to be paid

• The invoice is invalid

• The money has been successfully paid and confirmed

• The quote has expired