WorksheetsTrade Documents
Total questions: 10
Worksheet time: 5mins
What is a cash discount?
Given to customers who buy in bulk
Given to customers for paying their debts promptly
The price at which the trade usually sells the product
The invoice received by a customer for a credit purchase made
What is a trade discount?
Given to customers who buy in bulk
Given to customers for paying their debts promptly
The price at which the trade usually sells the product
The invoice received by a customer for a credit purchase made
What is a debit note?
A document issued by a business to the supplier when the goods received are unsuitable.
A document issued by a business to a customer when goods are returned to the business because they are unsuitable.
A document issued to all customers still owing money to the business.
A document issued by a business when making a credit sale.
What is a credit note?
A document issued by a business to the supplier when the goods received are unsuitable.
A document issued by a business to a customer when goods are returned to the business because they are unsuitable.
A document issued to all customers still owing money to the business.
A document issued by a business when making a credit sale.
Sent from the buyer to the sell, this document asks 'what goods are available from the potential seller?'
Advice note
Delivery note
Letter of inquiry
Confirmation note
Received from the seller, stating the price for goods and services usually after a request is made by the potential buyer.
Advice note
Delivery note
Quotation
Confirmation note
May be sent when the goods have been dispatched so that the customer knows when to expect delivery
Advice note
Delivery note
Quotation
Confirmation note
These are documents sent to the buyer with details of goods sold
Requisition
Letter of Inquiry
Invoice
Purchase Order
Used where two companies trade regularly and shows details of transaction occurring over a specific period
Balance Sheet
Credit Note
Debit Note
Statement of Account
Bank Book
Sent from the seller to the buyer when the buyer was previously overcharged
Debit note
Credit note
Note of trust
Return inwards note
Discount coupon
