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

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Who Wants to be an Documents Millionaire?
Presentation transcript:

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

Asking for prices is a Quotation Delivery Docket InvoiceLetter of Enquiry

Giving an estimate is a Credit NoteInvoice QuotationStatement

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

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

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

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

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

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

Input VAT is VAT on Purchases Sales TV Cars

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

Profit x 100 Cost Price Margin Margerine Mark UpMake UP

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

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

Profit x 100 Selling Price Margin Margerine Make Up Mark UP

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

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