Courses » SS3 » SS3 Commerce » Commerce Exam Topics » Essential business documents (2) - Questions and Answers

Essential business documents (2) - SS3 Commerce Past Questions and Answers - page 1

1

What is the purpose of an invoice?

A

Proof of payment

B

Proof of delivery

C

Request for payment

correct option: c

Request for payment

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2

Which document serves as proof of payment?

A

Proof of payment

B

Proof of delivery

C

Request for payment

correct option: c

Receipt

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3

What does a delivery note accompany?

A

Invoice

B

Receipt

C

Shipment of goods

correct option: c

Shipment of goods

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4

What does a statement of account provide?

A

Summary of financial transactions

B

Proof of delivery

C

Request for payment

correct option: a

Summary of financial transactions

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5

Request for payment

A

To request additional payment

B

To provide a refund or credit

C

To adjust an invoice

correct option: b

To provide a refund or credit

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6

Explain the purpose of a debit note.

A debit note is issued to request additional payment or make adjustments to an existing invoice, notifying the buyer of the amount owed and the reason for the adjustment.

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7

What does a receipt serve as proof of?

A receipt serves as proof of payment, acknowledging that the buyer has paid the specified amount for goods or services.

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