NAME: ______________________________________
Read text and answer the following questions.
1. The process of supplying goods or service from the enquiry stage to the eventual payment is called A TRANSACTION.
2. What is the difference between a letter of enquiry and a quotation?
__________________________________________________________________________________________________________________________________________________________________________
3. List Three different types of discounts and explain how each of them work.
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4. State the difference between a purchase order and a requisition, using examples to explain.
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5. Why are advice notes and delivery notes important? State the difference between the two documents
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6. What is an invoice? State three important pieces of information that can be found on an invoice.
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7. Outline the difference between an invoice and a pro forma invoice
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8. Outline three reasons why are business documents important? (See page 159)
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9. What is an acknowledgement of order and why is it necessary?
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
10. What is the purpose of the statement of account?
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SUMMARY TABLE
For each document listed below state the importance and list at least three important pieces of information that should be included in each.
BUSINESS DOCUMENT |
IMPORTANCE |
INFORMATION INCLUDED |
Letter of enquiry
|
|
|
Quotation
|
|
|
Purchase Order
|
|
|
Advice Note
|
|
|
Delivery Note
|
|
|
Invoice
|
|
|
Pro- forma Invoice
|
|
|
Requisition
|
|
|
Stock Card
|
|
|
Debit Note
|
|
|
Credit Note
|
|
|
Statement of Account
|
|
|

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