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Created by iamironman328
over 7 years ago
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Description
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Invoices:-Normally relate to credit transactions.-Lists goods or services provided and their prices.-Suppliers normally send an invoice with goods (or once services have been delivered).-Indicate payment terms.-"Bills"
Source Documents:-First document that exists relating to a transaction.Evidence of the transaction taking place. -Includes date and time.-Types: -Invoice. -Receipt. -Deposit Slip -Check Counterfoil -Statement -Payment Confirmation.
Receipts:-Confirm that goods or services have been received.-Normally relate to cash transactions.
Deposit Slip:-Proof that cash has been deposited in a bank account.
Check Counterfoil-The part of the check kept by the drawer (writer) of the check as a record of the transaction.
Statement:-A report showing: -The amount owed by one business to another. -Details of transactions between the two businesses.
Payment Confirmation:-Used for Internet transactions.-"Receipt" when you buy something online.
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