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Who Wants to be an Documents Millionaire?

Learn about crucial financial documents like invoices, credit notes, and statements. Understand their importance and usage for successful financial management in your business.

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Who Wants to be an Documents Millionaire?

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  1. Who Wants to be an Documents Millionaire? Olli Rehn David Mc Williams Brian Lenihan Junior Cert Student

  2. Asking for prices is a Delivery Docket Quotation Invoice Letter of Enquiry

  3. Giving an estimate is a Credit Note Invoice Quotation Statement

  4. A receipt is Proof of Purchase Proof of identity Proof of Delivery Proof of age

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

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

  7. Reduction in price for immediate payment Trade discount Cash discount No discount Money off

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

  9. Credit is Immediate payment Don’t buy at all Buy now pay later You never pay

  10. Input VAT is VAT on Sales Purchases TV Cars

  11. The most suitable source of finance for purchases is Medium Term Long Term Short Term Chips

  12. Profit x 100 Cost Price Margerine Margin Mark Up Make UP

  13. Document used to let you know ho much you owe Credit Note Debit Note Invoice Statement

  14. Book of first Entry for Invoice Sent Purchases Day Book Sales Day Book Purchases Book Cash Book

  15. Profit x 100 Selling Price Margin Margerine Make Up Mark UP

  16. The Book of First Entry for an Invoice Received Purchases Day Book Sales Day Book Trial Balance Cash Book

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