Source Documents

Question 1

receipt

Answer 1

acknowledges amt received from customers

Question 2

invoice

Answer 2

Inform credit customers of the amount owed on credit
Buy or sell good on credit

Question 3

Credit note

Answer 3

Overcharge or return of goods- reduce amt owed by customers

Question 4

Debit note

Answer 4

Increase amt owed by credit customers previously UNDERCHARGED

Question 5

Payment voucher

Answer 5

Any payment made
Processes payment to credit suppliers

Question 6

Bank statement

Answer 6

Payment made by the bank on behalf of the business ( checks against business records of its cash at bank acc )

Question 7

Remittance advice

Answer 7

Payment to trade payments ( sent tgt w cheque payment )
—> informs supplier that payment by cheque has been made for a specific invoice
Advice = notice