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2.10 Business Documents Flashcards | StudBud
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2.10 Business Documents
2.10 Business Documents
29 terms
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Designed for the Junior Cycle Business Studies Specification Learning Outcome 2.10
Flashcards
29 cards
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Questions
29
Answers
1
Who sends a statement
Buyer
Seller
2
Which of the following documents can you find on a Statement
Quotation
Order
Letter/Email of Enquiry
Invoice
3
What does Ex works mean?
Cost of delviery is not included
Cost of Delivery is included
4
Who sends a cheque
Buyer
Seller
5
Who sends an order
Seller
Buyer
6
Trade discount is taken away from the total after the VAT is added
True
False
7
Which of the following best describes "terms of sale"
The terms and conditions of the seller for them to sell to the buyer
Details on the delivery and repayment
Getting the best possible deal from the supplier
The length of time a shop can have a sale for
8
A request from a buyer to a seller for the price, terms of sale and other sale-related queries of goods/services
Email/Letter of Enquiry
Credit Note
Invoice
Quotation
9
A written request from a buyer to a seller to supply the specified goods/services.
Order
Delivery Docket
Email/Letter of Enquiry
Quotation
10
Who sends a quotation
Seller
Buyer
11
What does COD stand for?
Credit on Demand
Cash on Demand
Call of Duty
Cash on Delivery
12
Who sends an email of enquiry
Buyer
Seller
13
What does CWO stand for?
Cash With Order
Cash With Quotation
Credit with Order
Credit with Quotation
14
Who sends a credit transfer
Buyer
Seller
15
if the goods are faulty or there was an error with what was delivered and what was on the invoice the seller sends
Statement
Credit Note
Delivery Docket
Order
16
What does E&OE mean?
Errors are never made in business
Errors made on invoices can be fixed later
Errors are your tough. They can never be fixed
Errors can be fixed if both sides agree
17
Who sends an invoice
Seller
Buyer
18
The document showing the price of the goods/services on offer and other relevant info such as the terms of sale is
Email/Letter of Enquiry
Invoice
Quotation
Statement
19
A reduction in price between two businesses in the same industry is called
Trade Discount
Cash Discount
Bestie Discount
Business Discount
20
Who sends a receipt
Buyer
Seller
21
Choosing the suppliers who offer the best deal in terms of price, quantity, delivery and terms of sale is called:
Effective Purchasing
Effective Selling
Being smart
Effective Negotiating
22
The document outlining all transactions made between firms over a given period and the balance owed at that date.
Letter/Email of Enquiry
Credit Note
Invoice
Statement
23
A document from the seller to the buyer that lists the goods being delivered.
Credit Note
Order
Delivery Docket
Invoice
24
a written acknowledgement of payment from the seller to the buyer
Order
Receipt
Remittance Advice Slip
Statement
25
Who sends a credit note
Buyer
Seller
26
a document outlining the code, description and price of goods sold, the tax due and the total amount owed
Order
Invoice
Delivery Docket
Statement
27
What does E&OE stand for
Errors & Oopsies Excluded
Errors & Ommissions Excepted
Exclude & Omit Errors
Eeek Oopsie Examinable
28
A trade discount. . . . .
Decreases the price
Increases the price
29
Who sends a delivery docket
Seller
Buyer
