Flashcards

business revision

chad gibson Business Studies GCSE English 12 cards

Cards in this deck (12)

1Purchase orderSent from the customer to the supplier. This documents states the items the customer wants to purchase.
2Delivery noteSent from the supplier to the customer. This documents is sent with the items to confirm what has been sent.
3Goods received noteSent from the customer to the supplier. This documents highlights the actual amounts that have been sent.
4Sales InvoiceSent from the supplier to the customer. This documents is a request for payment. It also highlights the VAT needed to be paid.
5Credit noteSent from the supplier to the customer. This documents states any refunds the customer will receive due to faulty/unwanted or damaged goods.
6Statement of accountSent from the supplier to the customer. This documents is sent either each month or quarter. It shows the outstanding balance the customer still needs to pay.
7Remittance advice slipSent from the customer to the supplier. This documents is sent with payment to say which invoice the customer is paying for.
8ChequeSent from the customer to the supplier. This documents is a method of payment.
9ReceiptSent from the supplier to the customer. This documents is proof of payment.
10what are the Payment methodsCash
Cheque
Debit Card
Credit Card
Direct Debit
11advantages of cashAn immediate method of payment.
Some businesses will often offer discount if you pay in cash.
12disadvantages of cashInconvenient for large payments, would have to take to the bank to put into the business account.
Not very secure if sent via post.

Description: GCSE Business Studies Flashcards on business revision, created by chad gibson on 23/11/2017.
Created by: chad gibson · Nov 2017
Updated: Nov 23, 2017
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