AUE1501 ASSIGNMENT 02: ESSAY TYPE QUESTIONS (

ASSIGNMENT 02: ESSAY TYPE QUESTIONS () Question 1 PART A: DOCUMENTS REVENUE AND RECEIPTS CYCLE 1.1 Document Purpose of the document Information appearing on the document 1. Credit application form The purpose of this document is to measure the customer’s ability to pay/ their credit worthiness. 1. Customer’s income and expenditure details 2. Trade references 3. Banking details 2. Internal sales order The purpose of this document is to record customers’ orders and order details. This document is compiled by the company’s clerk. It is also used for sales authorisation. 1. Customer’s order/reference number 2. Customer’s account number 3. Customer’s order details such as quantity, delivery address etc. 3. Picking slip The purpose of this document is to list all the items which were ordered by the customer, assisting personnel to ‘pick’ and fill orders. 1. Quantity ordered 2. Description and inventory item code of product 3. Picking slip number 4. Monthly statement The purpose of this document is to see the summary of all the transactions that happened within that period. This statement is generated on a monthly basis and sent by the company to customers.