Documents Flashcards
1
Q
name 3 types of discounts
A
Bulk Discount
PPD - Prompt Payment Discount
Trade Discount
2
Q
terms sometimes mentioned on documents
A
E&EO - errors and omissions excepted: an attempt to avoid genuine errors
COD
30 Days Net
PPD
3
Q
Discounts allowed on a customer document?
A
Refers to the PPD - as the other discounts such as bulk and trade are included at the time of invoicing.
4
Q
Source documents for the cash book
A
cash receipts
Cheque book stubs
Remittance Advices
a list of receipts and payments
a list of direct debits and standing orders
a list of other automated receipts and payments
5
Q
Names of possible analytical columns on payment side of the cash book?
A
- VAT
- trade payables
- cash purchases
- rent
- types of expenses (rent, travel, office, motor, general)
6
Q
Documents used in the buying and selling process (9)
A
- Quotation
- Purchase Order
- Delivery note
- Invoice
- Goods Received note
- Goods Returned note
- Credit note
- Remittance Advice
- Cash receipt
