Credit Sales – Documents used definitions – Flashcards

This document is sent by the a buyer to the seller. this document sets out the details goods or services required by the buyer.

Central document involved in a credit sale prepared by the seller for the buyer. This document sets out the details of the goods sold, the price charged and the time allowed for the buyer to pay for the goods or services.

A document used by both the seller and buyer. it is important that an up-to-date copy is utilized to ensure that the correct price is charged.

This document accompanies the goods. This document sets out the details of the goods and the delivery method. e.g. parceline, post or Fed Ex.

if goods sent are found to be faulty or incorrect they are returned to the seller by the buyer with this document. Goods affected will be listed with the issue stated

This document is utilized when goods are returned to the seller. This reduces the amount owed by the buyer.