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accepts. Quotations tend to be used when businesses do not have a standard listing of prices for

products.

Purchase orders - A purchase order (PO) is a commercial document and first official offer issued by

a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used

to control the purchasing of products and services from external suppliers.

Statement of account - A statement of account is a detailed report of the contents of an account.

An example is a statement sent to a customer, showing billings to and payments from the customer

during a specific time period, resulting in an ending balance.

Remittance advice - Remittance advice is a letter sent by a customer to a supplier to inform the

supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice

often accompanies the cheque.

Receipts - Receipts are the amount of cash a business takes in during any one accounting period.

Receipts are cash sales, as well as money received on a customer's account. Receipts also include

any cash received in the business from any source, including loan or credit line proceeds or funding

from investors. (htt14)

Petty cash vouchers - petty cash voucher is usually a small form that is used to document a

disbursement (payment) from a petty cash fund. Petty cash vouchers are also referred to as petty

cash receipts and can be purchased from office supply stores. The petty cash voucher should

provide space for the following:

 Date

 Amount disbursed

 Person receiving the money

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