Chapter Five Flashcards
1
Q
What are the stages in a purchase process
A
Quote, po, delivery note/ goods recieved note/ invoice / credit note / remittance advice
2
Q
What is a goods received note
A
A document produced by the buyer when his are recorded showing quantity and condition
3
Q
What is a goods returned note
A
Document sent by customer showing the reason for return
4
Q
What is a statement of accounts
A
A monthly list of invoices sent to a business from a particular supplier throughout the month
5
Q
What is a suppliers reconciliation?
A
Checking suppliers statement of accounts against the business payable ledger
