Financial Documents

Description

Year 9 Business Studies Mind Map on Financial Documents, created by Billy Dobson on 30/06/2017.
Billy Dobson
Mind Map by Billy Dobson, updated more than 1 year ago
Billy Dobson
Created by Billy Dobson over 6 years ago
8
1

Resource summary

Financial Documents
  1. Purchase Order
    1. A Purchase Order is a document requesting a business to supply goods or services to customers. On the sheet, it includes the adress of the delivery and the delivery ternms.
    2. Delivery Note
      1. A Delivery Note arrives with the goods and are signed by the receiver to confrim that the goods are correct and undamaged.
      2. Goods Received Note
        1. A Goods Received Note is a copy of a Delivery Note that is left with the customer. It is sent from the supplier to the customer.
        2. Invoice
          1. An Invoice is a document that is requesting a payment. It lists the products supplied and the amount you owe. It is again sent by a supplier to a customer.
          2. Cheuqe
            1. A Cheque is a document which instructs a bank to transfer money from one account into another one.
            2. Remittance Advice Slip
              1. Remittance Advice Slips are sent by the customers to confirm which invoices are being paid.
              2. Statement of Account
                1. A Statement of Account is a document sent to a customer listing all previous invoices and stating the amounts of money that has been paid and is still being owed.
                2. Receipt
                  1. A Receipt is a document sent by a supplier to a customer to confirm that a payment has been received. It also outlines what the payment was for and how much was payed in total.
                  2. Credit Note
                    1. Credit Notes are documents that tell customers they need to pay less than they were previously asked to pay. It is a refund, but is often used as a gift card or store credit. This ensures that the customers will come back to the store to spend it. They usually have a time limit on them before an expiry.
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