LO3: to be able to use business documents

Question 1

3.1 the purpose, interpretation and completion of business documents

what are transaction documents

Answer 1

records a transaction between two parties

Question 2

3.1 the purpose, interpretation and completion of business documents

what terms and abbreviations do transaction documents include?

Answer 2

COD (cash on delivery):
- pay for goods on the delivery and not before or after

T&Cs (terms and conditions):
- restrictions or statements relating to delivery arrangements or payments terms

Question 3

3.1 the purpose, interpretation and completion of business documents

what are included in transaction documents?

Answer 3

purchase order:
- legally binding