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Summary P1 Unit 8

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Neil Patel 40068068
Group E |Unit 8 P1




P1


Financial Transactions Financial Documents Meaning of the Document

Cash Paid £15 for window Receipt In general, the term can
cleaning either mean cash receipt
or goods receipt. The
cash receipt is a
document that proves the
receipt of cash. It often
refers to the bank receipt
which is the slip that the
bank sends to you as a
proof that the money has
been credited to your
bank account.
Purchased goods for cash Purchase Invoice A commercial document or
£2000 bill presented to a buyer by
a seller or service provider
for payment within a stated
time frame that indicates
what has been purchased,
in what amount and for what
price.



Sold goods on credit £1000 Sale Invoice A sales invoice can be
simply defined as the
request of payment by the
customer for goods sold
or services provided the
seller. An invoice
generally lists the
description and the
quantity of the item sold
or service provided. The
document is also a record
of the sale for both the
seller and the buyer.
Payment received from a Cheque A cheque is a document that
credit customer £200 orders a bank to pay a
specific amount of money
from a person's account to
the person in whose name
the cheque has been
issued.

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