WorksheetsBusiness Documents
Total questions: 13
Worksheet time: 7mins
A statement of account is a
list of all the goods sold to a customer
summary of all transactions over a period
refund of an overcharge made
letter advising customers that have not paid their accounts
If a customer receives a credit note from a supplier, this means
their account is no longer in credit
they need to make a further payment
they have been overcharged by the seller
they have been undercharged by the seller
A ____________ ______________is an internal request for supplies.
(a)
The ________________________ is a summary of all the transactions which occurred over a period.
statement of account
invoice
pro forma invoice
credit note
After the supplier agrees to supply the order, the goods
are delivered with an _______________ showing the cost of the order.
invoice
pro-forma invoice
debit note
credit note
The simple system, used to record to movement of stock. This system can be either manual or digital.
statement of account
stock card
invoice
debit card
Credit notes are issued for which of the following reasons
when goods are returned to the seller
when there was an overcharge on the goods
when there was an undercharge
when faulty goods are returned to the seller
The ____________________ is sent by the supplier in response to the request made by the purchasing department for supplies. It includes the cost & quantity of goods requested.
credit note
statement of account
invoice
pro-forma invoice
The ___________ is issued to the supplier identifying what is being purchased by the buyer. It is sent by the purchasing department.
purchase requisition
pro-forma invoice
purchase order
It is important for a business to monitor and record changes in stock levels to ensure it does not run out of goods to meet the needs of customers.
True
False
Record keeping is not very important to a business. They can function effectively without keeping records of business transactions.
True
False
A purchase requisition is a request for goods, while a purchase order is the document used when an order is being placed.
False
True
If the seller realizes that the buyer was previously
undercharged for goods already bought, what document is then sent to them
purchase requisition
credit note
debit note
invoice
