I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

Remittance advice. A document sent to a supplier with a payment, detailing which invoices are 

being paid and which credit notes offset. A remittance advice allows the supplier to update the 

customer's records to show which invoices have been paid and which are still outstanding. It also 

confirms the amount being paid, so that any discrepancies can be easily identified and 

investigated.  

(k) 

Receipt. A document confirming confirmation that a payment has been received. This is usually 

in respect of cash sales, eg a till receipt from a cash register. This is discussed further below. 

1.2 Invoices 

An