Flashcards in Chapter 5: Process Documents from Suppliers Deck (5)
How may a business order goods / services on credit?
1. Manual system
2. Electronic system
What manual paper-based documents will a business usually deal with, when ordering on credit?
1. Purchase Order
2. Delivery Note
3. Goods Received Note
4. Purchase Invoice.
It is important to that what is done to financial documents to ensure that goods and/or services provided are the correct ones charged at the right price?
A series of checks involving both calculations and references.
What should be done if a discrepancy is found?
1. It should be noted
2. Seller contacted so the Creditors account can be credited, and the Debtor's debited.