Source Documents Flashcards
What is a sales invoice?
The document that a seller gives to a buyer when supplying goods or services on credit
What is a purchases invoice?
Document received by the buyer when goods or services are bought on credit
What is a credit note?
Issued to show that goods have been returned and that they don’t need to be paid for.
What is a cheque counterfoil?
Detachable stub of a cheque that the payer keeps, provides a record of money paid out by the business
What is a paying-in slip counterfoil?
The portion of the slip that provides a record of cash and cheques banked by the business
What is a cash receipt?
Receipts for goods and services that have been paid for at the time of purchase, often will be small amounts
What is till roll?
Lists the amount of goods sold and paid for during a specific day and the total value of cash sales, source document for the seller
What is a bank statement?
Banks send these to businesses, show receipts and payments to and from bank account as well as the balance at a given date, source document for standing orders, direct debits, debit card transactions, credit transfers, dishonoured cheques, bank charges and interest
