Paragraph
1 What is a purchase requisition?
1.1
2 When is a timesheet used?
2.3
3 State three checks to do when receiving a purchase invoice from a supplier.
3.1
4 What would you do if you checked an invoice and found that the goods on the invoice disagreed with the details on the purchase order and delivery note?
3.1
5 What should you check on a credit note when you receive one?
4.2
6 List and explain the different codes you will meet with purchase and expenses documentation.
5.4
1
What sometimes takes the place of a purchase order when services are purchased?
A written contract specifying nature of the service and agreed price
A delivery note listing the service and price agreed
A completed timesheet
A purchase requisition
2
A customer purchased 20 units of inventory at $50 per unit their business. The supplier allowed a trade discount of 10% and applied sales tax at 20%.
What is the total invoice price that the supplier should charge the customer?
$900.00
$1,000.00
$1,080.00
$1,200.00
For suggested answers, see the 'Answers' section at the end of the book.