Source Documents

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1. What are Statement of Accounts?

  • A document that asks a bank to pay a specified amount of money to a name, person or company.
  • A document that reduces the amount of money that needs to be paid.
  • A document issued at the end of each month which shows invoices, credit notes, payments made and amounts outstanding to a customer.
  • A document issued when goods are being returned from a customer to a supplier.
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2. What is the Trade Credit period?

  • A document showing the amount that needs to be paid.
  • A document issued when goods are being returned from a customer to a supplier.
  • The credit extended to customers by suppliers who let them buy now and pay later.
  • A document showing a manager, warehouse superviser and the accounts department confirming that goods have been recieved and in what condition.

3. What is a Cheaque?

  • A document issued when goods are being returned from a customer to a supplier.
  • A document that asks a bank to pay a specified amount of money to a name, person or company.
  • A note issued so that the recipient can check the delivery and sign that it is correct.
  • A document that reduces the amount of money that needs to be paid.

4. What is a Credit note?

  • A document showing the amount of discount an order is allowed to have.
  • A note issue when goods to not arrive in good condition or something is missing from an order. It reduces the amount of money due to be paid.
  • A document displaying proof that a customer has recieved a delivery.
  • A document showing the amount that needs to be paid.

5. What is an invoice?

  • A document stating what the purchaser wants to purchase.
  • A document stating how much needs to be paid.
  • A document asking a bank to pay a specified amlunt of money to a name, person or company.
  • A document reducing the amount that needs to be paid.
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