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  2. Business letter - Wikipedia

    en.wikipedia.org/wiki/Business_letter

    Business letters can have many types of content, for example to request direct information or action from another party, to order supplies from a supplier, to point out a mistake by the letter's recipient, to reply directly to a request, to apologize for a wrong, or to convey goodwill. A business letter is sometimes useful because it produces a ...

  3. Credit note - Wikipedia

    en.wikipedia.org/wiki/Credit_note

    A credit note or credit memo is a commercial document, utilized in business transactions to indicate a reduction in the amount owed by a customer or owed to a supplier. If the customer returns goods to the seller, the invoice previously issued is cancelled, in part or as a whole, with a credit note. [1]

  4. Ledger - Wikipedia

    en.wikipedia.org/wiki/Ledger

    The ledger is a permanent summary of all amounts entered in supporting journals (day books) which list individual transactions by date. Usually every transaction, or a total of a series of transactions, flows from a journal to one or more ledgers.

  5. Journal entry - Wikipedia

    en.wikipedia.org/wiki/Journal_entry

    A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...

  6. Purchase journal - Wikipedia

    en.wikipedia.org/wiki/Purchase_journal

    accounting journal and it is also a prime entry book/daybook/main entry book which is used in an accounting system to keep track of the orders of items placed using accounts payable. [1] Simply a purchase journal can be defined as the main entry book which is used to record credit transactions (credit purchases) for resalable purposes. [2]

  7. List of business and finance abbreviations - Wikipedia

    en.wikipedia.org/wiki/List_of_business_and...

    This is a list of abbreviations used in a business or financial context. ... For example, $225K would be understood to mean $225,000, and $3.6K would be understood to ...

  8. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Typically the letter of credit will request an original bill of lading as the use of a title document such as this is critical to the functioning of the letter of credit. [18] However, the list and form of documents is open to negotiation and might contain requirements to present documents issued by a neutral third-party evidencing the quality ...

  9. Purchase returns journal - Wikipedia

    en.wikipedia.org/wiki/Purchase_returns_journal

    A purchase returns journal (also known as returns outwards journal/purchase debits daybook) is a prime entry book or a daybook which is used to record purchase returns.In other words, it is the journal which is used to record the goods which are returned to the suppliers.