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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

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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--------Seller-Sends-1-Junior Cycle Business Studies-Question 14-2015.png

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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