Regent College/Business Documents

= Introduction =

Business documents are documents in business that serve different purposes.They include:


 * 1) Purchase order
 * 2) Debit note
 * 3) Credit note
 * 4) Receipt

At the end of the lesson students should be able to explain clearly the importance of the documents listed above.

Purchase order
A purchase order is a document that is prepared by a company or an individual wishing to buy goods.It is sent to the supplier of the goods.A purchase order has these details:
 * The address of the supplier
 * The quantity and quality of the goods being ordered
 * The name of the company/individual making the order
 * The date the order was prepared

Debit note
A debit note is prepared by the company suppling goods upon discovering that a customer was undercharged.

Credit note.
This is a document that is prepared by a suppling company to the ordering company.It has these details:
 * The address of the company ordering goods
 * The name and address of the suppling company
 * The quantity of the goods supplied
 * The price of the goods supplied
 * The date the goods were prepared

Tasks
Students should be able to differentiate a purchase order from a credit note Students should be able to define a debit note clearly

Assignments
In not less than a page explain what you understand by a sales invoice.Your description should not be less than a page

Reading

 * Financial Accouting Volome one.Frank Wood

Summary
There are quite a number of business documents.The following are some of them:
 * Invoice
 * Purchase order
 * Credit note
 * Debit note
 * Receipt