Financial Transaction Requisites
EVELYN HONE COLLEGE OF APPLIED ARTS AND COMMERCE ADMINISTRATION ASSINGEMENT
MWANSA MWANSA
QUOATATION
A formal statement of promise (submitted usually in response to a request for quoatation) by potential supplier to supply the goods or services required by a buyer, at a specified prices, and within a specified period.
It’s a document that explains about a project and its requirements to the intending bidders.
Sent by the supplier to the buyer
INVITATION TO TENDER
A request to tender is a document that invites offers from suppliers to provide a specified good or service
Used when approaching the market by seeking submissions from a limited number of suppliers
Sent by the buyer to the supplier
Its an invitation sent to a shortlist of bidders to make a formal and detailed offer to supply the services or goods required
INVOICE
Commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantity and agreed prices for products or services the seller has provided the buyer
Used when a customer would like to know the details of their purchase and what they are paying for
Sent by the buyer to the supplier
Used for the demand of payment
For example you order a phone online, you get a paper with it that shows what you order, the order number, how many you ordered, how much it cost. That is the invoice from the company
GOODS RECEIVED NOTE/GOODS RECEIVED VOUCHER
Used for recording goods received from the supplier. This record is used to confirm all goods have been received
Is a document showing description of goods and the quantity received
A document used to record the inward entry of any goods received at the premises of the organization
A record of goods issued at the point of receipt
Manually written receipt for services or goods sold
The purpose of the document is to explain
MWANSA MWANSA
QUOATATION
A formal statement of promise (submitted usually in response to a request for quoatation) by potential supplier to supply the goods or services required by a buyer, at a specified prices, and within a specified period.
It’s a document that explains about a project and its requirements to the intending bidders.
Sent by the supplier to the buyer
INVITATION TO TENDER
A request to tender is a document that invites offers from suppliers to provide a specified good or service
Used when approaching the market by seeking submissions from a limited number of suppliers
Sent by the buyer to the supplier
Its an invitation sent to a shortlist of bidders to make a formal and detailed offer to supply the services or goods required
INVOICE
Commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantity and agreed prices for products or services the seller has provided the buyer
Used when a customer would like to know the details of their purchase and what they are paying for
Sent by the buyer to the supplier
Used for the demand of payment
For example you order a phone online, you get a paper with it that shows what you order, the order number, how many you ordered, how much it cost. That is the invoice from the company
GOODS RECEIVED NOTE/GOODS RECEIVED VOUCHER
Used for recording goods received from the supplier. This record is used to confirm all goods have been received
Is a document showing description of goods and the quantity received
A document used to record the inward entry of any goods received at the premises of the organization
A record of goods issued at the point of receipt
Manually written receipt for services or goods sold
The purpose of the document is to explain