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LO3 (Payment methods (Cheque, Online / digital payment methods, Debit card…
LO3
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Business Documents
COD - Cash on delivery, also called collect on delivery, a common business term indicating that goods must be paid for at the time of delivery. The payment is usually due in cash but may be made by check if acceptable to the seller.
E & OE - Errors and omissions excepted is a phrase used in attempt to reduce legal liability for potentially incorrect or incomplete information supplied in a contractually related document such as a quotation or specification.
Disclaimer - Is a clause or statement in a document that tries to prevent creation of a warranty or contract. Also called a Hedge Clause.
T & C's - Terms and conditions document is the contract between you and your customer for your supply of goods or services, and which regulates your business relationship.
Terms - Fixed period for which a loan, insurance policy, or bond is issued, a time or fixed deposit is made, or a contacts lasts. Depending on its importance, a term may be either a condition ( essence of a contract) or a warranty (material part of a contract)
Transaction documents
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Invoice
An invoice is a written documentation that notes and tracks financial transactions like when you order an item you get provided with requests for a payment with terms and conditions.
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Financial exchange , printed or electronic, contains key terminology, accuracy is important
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Meeting documents
Agenda - list of order, schedule of points, advance of meeting , A O B ( any other business )
Minutes - Details , Step by Step , Contribution , Decisions / actions
Notice of meeting - To inform Key details - Place, time Legal Requirements for AGM's Prepare
employee dcouments
The purpose of a reimbursement claim form is to reclaim the money that you spent on travel expenses, food, hotels and public transport so as evidence to be able to claim this money you must attach receipts.
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