Business Documents Word Scramble

Category: Term

Term	Definition
Treatment of orders by the seller	Date-stamp the order, Get the products ready for delivery, Send order to the office for preparation of delivery docket and invoice, File a copy of the order
Receipt	When the seller receives payment it is usual to issue the buyer this.
Credit Note	Sent from seller to buyer if they have been overcharged or have received faulty goods
Treatment of incoming invoices	Compare with order and delivery docket, Check accuracy of prices and calculations, Write in Purchases Day book and post to creditors ledger, File a copy
Treatment of incoming Statements of Account	Compare with relevant documents, Compare with Creditors Ledger, Check all calculations, Pay seller amount due, File a copy
Treatment of outgoing invoices	Compare prices with quote given, Check calculations for accuracy, Check address of customer, Write in Sales Day Book and post to debtors ledger, File a copy
Treatment of outgoing delivery dockets:	Check the name and address of buyer are correct, Check the details are as per order, File a copy, Ensure the docket is signed by the buyer when good are received
Procedure for dealing with complaints	Listen to the complaint, Investigate the complaint, Take the necessary action, Reply to the complaint, File a record of the complaint
Statement of Account	A document sent from the seller to the buyer at the end of a period of time, usually a month. It outline the transactions that took place between the seller and the buyer during that time
An individual’s or a business’ credit rating may be checked by:	Looking up the Stubbs gazette, Contacting other business’ who have dealt with them
Treatment of outgoing credit note	Check figures and dates for accuracy, Record in Sales Returns Day book, File a copy
Why businesses sell on credit	To increase sales an profits. To compete with businesses who only sell for cash. To facilitate customers who require tome to pay for goods purchased. E.g builders
Treatment of outgoing Statements of Account	Check all transactions are included and correct, Check the name and address of the buyer, File a copy
Treatment of incoming delivery dockets:	Check it against incoming the order to make sure you are receiving what you ordered, File it away and check it against the invoice when it arrives
Effective Purchasing Involves....	Finding the best price, Making sure the goods will arrive on time, Making sure you order the correct amount. Not too much, and not too little, Choosing a reliable supplier and delivery company, Checking that goods delivered match the delivery docket
Treatment of incoming credit note	Record in Purchases Returns Day book
Treatment of outgoing receipts	Check figures and dates for accuracy, Check the name and address are correct, Record in the Analysed Cash Book on debit side, Keep a copy
Bad Debts	Arise when the buyer does not pay the seller what they owe. They are written of as an expense by the seller
Invoice	This is a bill for the goods.
Buying on credit means...	buy now, pay later

seller	Treatment of orders by the _____	1	0	true
Receipt	Definition: When the seller receives payment it is usual to issue the buyer this.	2	0	false
Credit Note	Definition: Sent from seller to buyer if they have been overcharged or have received faulty goods	3	0	false
delivery	Compare with order and _____ docket, Check accuracy of prices and calculations, Write in Purchases Day book and post to creditors ledger, File a copy	4	1	true
Compare	_____ with relevant documents, Compare with Creditors Ledger, Check all calculations, Pay seller amount due, File a copy	5	1	true
Treatment of outgoing invoices	Definition: Compare prices with quote given, Check calculations for accuracy, Check address of customer, Write in Sales Day Book and post to debtors ledger, File a copy	6	0	false
Ensure	Check the name and address of buyer are correct, Check the details are as per order, File a copy, _____ the docket is signed by the buyer when good are received	7	1	true
complaint	Listen to the _____, Investigate the complaint, Take the necessary action, Reply to the complaint, File a record of the complaint	8	1	true
outline	A document sent from the seller to the buyer at the end of a period of time, usually a month. It _____ the transactions that took place between the seller and the buyer during that time	9	1	true
business’	An individual’s or a _____ credit rating may be checked by:	10	0	true
Treatment	_____ of outgoing credit note	11	0	true
Why businesses sell on credit	Definition: To increase sales an profits. To compete with businesses who only sell for cash. To facilitate customers who require tome to pay for goods purchased. E.g builders	12	0	false
included	Check all transactions are _____ and correct, Check the name and address of the buyer, File a copy	13	1	true
against	Check it _____ incoming the order to make sure you are receiving what you ordered, File it away and check it against the invoice when it arrives	14	1	true
Purchasing	Effective _____ Involves....	15	0	true
Purchases	Record in _____ Returns Day book	16	1	true
Treatment of outgoing receipts	Definition: Check figures and dates for accuracy, Check the name and address are correct, Record in the Analysed Cash Book on debit side, Keep a copy	17	0	false
Bad Debts	Definition: Arise when the buyer does not pay the seller what they owe. They are written of as an expense by the seller	18	0	false
Invoice	Definition: This is a bill for the goods.	19	0	false
buy now, pay later	Term: Buying on credit means...	20	1	false