Acca financial Accounting (FA) Study Text ac ca (FA)

Double entry bookkeeping 

40

 

KAPLAN PUBLISHING

 

Debit note 

Details of the supplier. 

Contains details of goods 

returned, e.g. quantity, 

price, value, sales tax, terms 

of credit, etc. 

Issued by the entity receiving 

the goods. Cross referred to 

the credit note issued by the 

supplier. 

Remittance 

advice 

Method of payment, invoice 

number, account number, 

date, etc. 

Sent to supplier with, or as 

notification of, payment. 

Receipt 

Details of payment received.  Issued by the selling entity 

indicating the payment 

received. 

The above list is based upon the documents created by a traditional 

manufacturing entity. Not all entities will produce all of these documents. In the 

same manner some entities may produce alternative forms of documentation, 

particularly if they operate in the services industry or overseas.