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Business Documents

QuestionAnswer
Effective purchasing is... only buying what the company needs and for the best price.
A letter of enquiry is... a document sent by the buyer to find out about products and services available, price of goods and delivery options.
An invoice is... a document sent by the seller outlining quantity, description and price of the goods and any discount which has been offered.
Mark-up formula is... when the profit is calculated on the cost price.
Margin formula is... when the profit is calculated on the selling price.
A delivery docket is... a document providing proof that the goods have been delivered.
A credit note is... a document offered by the seller as an alternative to cash so the buyer can order different goods at a discounted price.
A cheque is... payment made by the buyer to the seller for goods purchased on the amount owing.
A receipt is... proof of purchase by the buyer and that the goods were paid for.
A quotation is... a document sent based on the letter of enquiry giving information of the goods available, price and any discounts and delivery options.
Created by: Andrew_Gallagher
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