Business Documents

Question 1

What does "terms 30 days" mean?

Accepted Answer

The payment is expected in the next 30 days.

Question 2

This document is sent with payment.

Accepted Answer

Remittance Advice Slip

Question 3

Pick a number between 1 and 4.

Accepted Answer

2

Question 4

What is the current rate of VAT in the UK?

Accepted Answer

20%

Question 5

Which of the following would you not see on the deductions section of a pay slip?

Accepted Answer

Bonuses

Question 6

Which of the follow would you not find on a Statement of account?

Accepted Answer

Name of person who requested the orders

Question 7

What does "COD" on a document mean?

Accepted Answer

Cash on delivery

Question 8

What is the first document the sent during a transaction between two parties?

Accepted Answer

Purchase order

Question 9

"Special Requirements" is a factor when arranging travel of business?

Accepted Answer

True

Question 10

Which of the following is not a type of "requisition" form?

Accepted Answer

Travel

Question 11

The type of payment method accepted is a factor that influences accommodation arrangements.

Accepted Answer

True

Question 12

Why is the term "E&OE" (Errors and omissions expected) on financial documents such as invoices?

Accepted Answer

It's an attempt to reduce any legal liability due to errors.

Questions 12