ACC1- Source Documents

Source documents.

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  • Created by: Jessica
  • Created on: 27-12-12 11:45

Invoice

An invoice can be in the form of a cash receipt in a shop or as a note left with the goods, or if on credit, then the ionvoice will tell you when you are to pay it back

- It is used when buying/selling goods or services

- The seller creates the invoice 

It tells you;

-whats owed

-when it should be paid

-details of goods/services provided 

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Credit Note

- Used when a buyer returns faulty/unwanted goods that have been bought on credit

- The seller prepares the credit note

- The credit note is sent to the buyer, reducing the amount of money owed (e.g if they bought more than the one item they are returning) 

It tells you;

-amount reduced by

-amount owed still (if any) 

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Bank Transactions

Paying-in slip counterfoils

Cheque counterfoils

Info from Bank Statements (DD/BACS) 

-all used as source documents to show the bank account transactions 


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