Select the correct document from the following list to complete the three unshaded areas in the table below:
Cheque Invoice Credit Note
Buyer Sends Seller Sends
1 - Junior Cycle Business Studies - Question 14 - 2015
Question 14
Select the correct document from the following list to complete the three unshaded areas in the table below:
Cheque Invoice Credit Note
Buyer Sends ... show full transcript
Worked Solution & Example Answer:Select the correct document from the following list to complete the three unshaded areas in the table below:
Cheque Invoice Credit Note
Buyer Sends Seller Sends
1 - Junior Cycle Business Studies - Question 14 - 2015
Step 1
Buyer Sends: Order
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Answer
The buyer sends an order to initiate a purchase, which requires the seller to acknowledge and prepare the products or services.
Step 2
Seller Sends: Invoice
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Answer
The seller sends an invoice to the buyer, which details the products or services provided along with the amount due for payment.
Step 3
Seller Sends: Receipt
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Answer
Upon payment, the seller provides a receipt to the buyer as confirmation of the transaction.
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