3.1

Question 1

Name the three types of business documents that staff within a business need to be able to use and complete

Answer 1

Transaction documents
Employee documents
internal documents

Question 2

What is Transaction documents

Answer 2

Documents used when goods and services are purchased from suppliers or sold to suppliers

Question 3

Name the 4 types of transaction documents

Answer 3

Purchase order
Statement of account
Invoice
Credit note

Question 4

What is purchase order

Answer 4

A legally binding document that is completed by the buyer who wants to purchase the goods or services and is then sent to the supplier .

Question 5

Things to know when making a purchase document

Answer 5

Both delivery address and suppliers address should be mentioned
the list of item should be mentioned
quantity of each item should be mentioned
description of item should be mentioned
the price of the item the buyer expects to play
Should be signed by at least one person

Question 6

What is an invoice

Answer 6

A business document that is completed by the seller to request payments for goods and services and then sent to the customer stating when the payment is due by

Question 7

What is credit note

Answer 7

document that is issued by a supplier due to invoice errors or returned good and services and can be used to return credit onto a customers account