CHAPTER 2
THEORETICAL FOUNDATION
8)Sales invoice: the document that is sent to the customer to reflect the amount of
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a sale.
9)Remittance advice: a document that shows the amount of the cash receipt from
a
customer.
10)Deposit slip: the document that accompanies deposits of cash in the bank.
11)Back order: a document prepared when insufficient quantities are in inventory
to satisfy sales order.
12)Credit memo: a document that allows a credit to a customer for a sales return
or for allowance on a sale.
13)Credit application: a form prepared when a new customer applies for credit,
showing
detailed
data
pertaining
to
the
applicant’s
current
financial
condition
and earning level.
14)Salesperson call report: a form used to describe a call made by a salesperson
on a prospective customer and to indicate the result of the call.
15)Delinquent notice: a notice sent to a customer who is past due on his or her
credit account balance.
16)Write-off notice: a document prepared by the credit manager when an account
is deemed to be uncollectible.
17)Cash register receipt: a form used by a retailer to reflect cash received.
2.3.Expenditure Cycle (EC)
21
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