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Who Wants to be a Business Documents Millionaire? Olli Rehn David Mc Williams Michael Noonan Junior Cert Student.

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Presentation on theme: "Who Wants to be a Business Documents Millionaire? Olli Rehn David Mc Williams Michael Noonan Junior Cert Student."— Presentation transcript:

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2 Who Wants to be a Business Documents Millionaire? Olli Rehn David Mc Williams Michael Noonan Junior Cert Student

3 Asking for prices is a Quotation Delivery Docket InvoiceLetter of Enquiry

4 Giving an estimate is a Credit NoteInvoice QuotationStatement

5 A receipt is Proof of PurchaseProof of identity Proof of DeliveryProof of age

6 E & O E means Mistakes cannot be changed Eat Oranges & Eels Mistakes are never made Mistakes can be changed

7 Carriage Paid means Delivery is extra Delivery included Delivered by horse & carriage Will not be delivered

8 Reduction in price for immediate payment Trade discountCash discount No discountMoney off

9 Delayed payment is A bank overdraft An accrual Credit Not good for you

10 Credit is Immediate paymentDon’t buy at all Buy now pay laterYou never pay

11 Input VAT is VAT on Purchases Sales TV Cars

12 The most suitable source of finance for purchases is Medium TermLong Term Short TermChips

13 Profit x 100 Cost Price Margin Margerine Mark UpMake UP

14 Document used to let you know how much you owe Credit NoteDebit Note InvoiceStatement

15 Book of first Entry for Invoice Sent Purchases Day Book Sales Day Book Purchases BookCash Book

16 Profit x 100 Selling Price Margin Margerine Make Up Mark UP

17 The Book of First Entry for an Invoice Received Purchases Day BookSales Day Book Trial Balance Cash Book


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