financial records keywords

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  • Created by: h8school
  • Created on: 04-04-16 15:36
Purchase order
A document issued by a buyer to a seller, indicating types, quantities and agreed parties for products or services the seller will provide to the buyer.
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Delivery notes
A document accompanying a shipment of goods that lists the description, and quantity of the goods delivered. A copy of the delivery note, signed by the buyer or consignee, is returned to the seller or consignor as a proof of delivery.
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Goods received note
Record of goods received at the point of receipt. This record is used to confirm all goods have been received.
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Invoice
A buyer will receive an invoice from the supplier showing what they delivered with the prices and a total sum that the buyer now owes
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Credit notes
A supplier may send a credit note which shows you how much money that THEY OWE YOU. This could be because items you previously paid for were damaged or returned. This is instead of a refund
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Statement of accounts
Its a type of invoice that the supplier sends to you every month if you regularly place orders. This may include a remittance advice slip which shows the amount owing and a reference number to make payement easier.
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Reference number
Allows both supplier and purchaser to match up the payments in their records.
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Cheques
A paper based form of payment which you send with remittance slip so the suppliers accounts department can easily tell who the payment has come from.
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Receipts
Formal, written acknowledgment that something of value has been received.
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Other cards in this set

Card 2

Front

A document accompanying a shipment of goods that lists the description, and quantity of the goods delivered. A copy of the delivery note, signed by the buyer or consignee, is returned to the seller or consignor as a proof of delivery.

Back

Delivery notes

Card 3

Front

Record of goods received at the point of receipt. This record is used to confirm all goods have been received.

Back

Preview of the back of card 3

Card 4

Front

A buyer will receive an invoice from the supplier showing what they delivered with the prices and a total sum that the buyer now owes

Back

Preview of the back of card 4

Card 5

Front

A supplier may send a credit note which shows you how much money that THEY OWE YOU. This could be because items you previously paid for were damaged or returned. This is instead of a refund

Back

Preview of the back of card 5
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