| 423.13.2.1 |
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DOCUMENT - TYPES |
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The above diagram suggests that the area of Commerce is quite vast and it naturally contains all sorts of documents. Only a few of them are discussed here - |
- Trade covers all sorts of stationary documents maintained in selling and purchasing goods - Indent, Invoices, Bill of Exchange, Sale Book, Cash book are a few to mention.
- Banking documents are Demand Draft, Letter of Credit, Cash book, Withdrawal Slip, etc.
- Transportation documents consists of shiping Bill, Bill of Landing, Railway receipt, etc.
- Warehouses have there own share of documents. Bill of entry and Mate's receipt are a few of them.
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| Taking all these different types of commercial documents together, we notice that there are three important documents used in sale processes and they are as follows: |
- Invoice
- Credit Note
- Debit Note
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| In what follows, we will concentrate on these document-types. |
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| INVOICE has the following characteristics: |
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- it is a written document prepared by a seller. |
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- details of quality, kind, price etc of goods. |
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- indication of payable price to the buyer. |
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