Business Documents Flashcards
1
Q
Name the types of business documents.
A
The Enquiry, Quotation, Order, Acknowledgement, Advice note, Invoice, Statement, Payment, Receipt, Debit Note and Credit Note.
2
Q
Name the four pieces of information listed on the Invoice
A
Date, Invoice Number, buyer’s name and address, and terms of payment.
3
Q
What does E&OE stand for?
A
Errors and Omissions Excepted.
4
Q
What is 2/10 net 30?
A
It means that the buyer would receive a 2% discount if the goods are paid for within 10 days.
5
Q
What is the Quotation?
A
Information received from the seller about the prices of the goods they sell.
