LO3 - Unit 2 - CTEC Business Level 3

A payslip can show student loan repayments within its deductions

An advantage to a payee of a cheque is that...

This document is completed by an employee, claiming back small payments on behalf of their business

This document is completed by a customer stating which products they wisk to buy from a supplier

This document lists what has been received from the supplier, completed by the customer for their internal purposes

If the actual amount of a machinery account is greater than the budget amount then the variance is favourable

A payee is the person or business making a payment

This document is sent to a customer summarising transactions over a previous period and states the current balance owed

A payment for goods shown on a statement of account will reduce the balance of the account

What is added to a sub-total on an invoice to give the total to pay?

The purpose of a credit note is to?

COD stands for which of the following terms

This document is sent by the seller to the buyer requesting payment for goods provided

A debit entry on a statement of account increases the balance of the account

This document is a notification showing that an invoice has been paid