Question

What are the key supporting documents involved in a credit sale transaction? Which department issue which document? Please list at least 4 documents.

Answer 1

Answer)

The key supporting documents involved in a credit sale transaction:

1) Quote:This document is the offering price of goods or services issued by the customers and if seller accepts it he can sell the goods.

2) sales order:A confirmation document confirming the quote issued by sales department to the customer .

3)Sales invoice:It can be termed as a request to receive the payment issued by sales department to the customer.

4)Delivery note:A document issued by logistics department which is signed or stamped by customer confirming that goods are delivered to him submitted to sales department.

5)In addition to this bank statements showing the payment receipts from customers gievn a copy to sales department by accounting department.