Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.SourceDocumentation [Sample answer] Sales Invoice sessment Criteria Learner can: 2.1Identify a range of source records used in the preparation of accounts. A sales invoice is
1.SourceDocumentation [Sample answer] Sales Invoice sessment Criteria Learner can: 2.1Identify a range of source records used in the preparation of accounts. A sales invoice is an example of a source record; it is a document sent by a business to a buyer (i.e. its customer or a debtor) specifying the exact amount and cost of products or services that have been provided by the business. It is a demand for payment after a credit sale transaction, which is then posted onto the sales day book. Below is a depiction of an invoice issued by a firm called Type911 of 72 Bromley to its customer; not only does the invoice show the total amount of the items sold,i.e. 350.15 but it also gives a breakdown of each item by quantity and cost (which includes the VAT). Every invoice has a number, in this example it is 29907 and these are always sequence which facilitates in making it easier and quicker to locate. It can be argued that afterthe 350.15, the figure 29907 is the second most important number on an invoice. INVOICE 87 0270 20 England. UK 20 8402 Fax: 44(0)2o n6so 0930 11 Dog Toohh Inkbotdesien Apart from an invoice (since it has already been used as a sample above) Write a report (750 words, plus or minus 20%) which describes four other source documents/records which are used in the preparation of accounts relating to sales and purchases (In 4 other source documents please make sure you include these as well Cheque, Receiptsand other 2 you can choose any you want) It is important that your report not only gives a description of each, but that it is also accompanied by an illustration (as has been done above). Note, if any images are taken or copied from the internet, a book or any other source, make sure that you acknowledge this by properly citing within text and referenced at the end [Thia queation addreaescriterion 2.1]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started