Souce Documents Flashcards
What are source documents
Documents where original information is found
What is invoice
A document prepared by the seller when they sell goods or provide services
What information does Invoice contain
- Sellers name and address
- Purchaser’s name and address
- Purchaser’s order number and date
- Date of delivery
- Quantity and price per item
- Total amount due
- Terms and condition of sale
- Description of goods and services supplied
what is credit note
A document that a seller issues to a buyer indicating that the buyer’s account has been credited for a certain account
what is a debit note
A document sent by a buy to a seller
what is a receipt
A written acknowledgement that money or goods have been received
what is a cheque
A written order from an account holder instructing a bank to pay a specific amount of money to a designated person or entity
what is a correspondence document
A written form of communication exchanged between individual or entities
what is a petty-cash voucher
A small document used to record minor cash expenses in a business
what is sales invoice
A document issued by a seller to a buyer providing details of a sale transaction
what is purchase invoice
A document received by a buyer from a seller detailing the items purchased, quantities and prices
what is bank paying - In slips
A form provided by the bank that allows a person or business to deposit money into their bank account
what does BACS stand for
Bankers automated cleaning services
what is BACS
A system in the united kingdom for electronically processing financial transactions
