Unit Title Unit 15: Book-Keeping For Business
Qualification BTEC International Level 2 Diploma In
Business
Start Date 5.5.2021
Deadline Date 12.5.2021
Teacher Fred Kisekka
Learner Gihozo Emmanuel
Criteria to be assessed:
P1: Identify the documents used to record financial transactions.
P2: Outline the sequence in which these documents are used.
P3: Complete documents to record financial transactions accurately.
Introduction
In order for a business to know exactly what is financial position is, and to make decisions about
the future, it needs to understand where money is at a given time. A business that records its
financial transactions accurately using recognized conventions will produce financial documents
that can be used to make informed and accurate decisions about its finance.
Task 2: P2: Outline the sequence in which these documents are used.
Introduction
In this task I am going to state the sequence in business financial documents from the time
purchasing goods to when selling goods. i will begin by illustrating a diagram and then explain
the stages.
Page |1 Gihozo Emmanuel Book Keeping In Business
, purchase
inquiry quotation
order
order
receipt invoice
form
In this step I am going to explain all these steps one by one how they follow each other in order
to complete this task.
Inquiry: The inquiry is the first step in this hierarchy because before you purchase any
commodity you have to first know what that company you are about to purchase the
goods form if it has them .an inquiry are simple the questions regarding a business that
might be asked by a potential customer.
Quotation: A quotation is a business document that a seller provides to a buyer to offer
goods or services at a stated price, under specified conditions. The quotation is the next
step after the inquiry because after you have made an inquiry form a certain business, you
expect feedback from the company which is why the quotation is the next step.
Purchase order: A purchase order is a commercial document issued by a buyer to a
seller, indicating the types, quantities, and agreed prices for products or services the seller
will provide to the buyer. The purchase order is the next step because after the company
has given you the details of the products it sells, then the buyer is the o=next one who
gives the order to the company or the business of the goods, the number of goods and the
prices that have been agreed in order to sell the products.
Page |2 Gihozo Emmanuel Book Keeping In Business
Qualification BTEC International Level 2 Diploma In
Business
Start Date 5.5.2021
Deadline Date 12.5.2021
Teacher Fred Kisekka
Learner Gihozo Emmanuel
Criteria to be assessed:
P1: Identify the documents used to record financial transactions.
P2: Outline the sequence in which these documents are used.
P3: Complete documents to record financial transactions accurately.
Introduction
In order for a business to know exactly what is financial position is, and to make decisions about
the future, it needs to understand where money is at a given time. A business that records its
financial transactions accurately using recognized conventions will produce financial documents
that can be used to make informed and accurate decisions about its finance.
Task 2: P2: Outline the sequence in which these documents are used.
Introduction
In this task I am going to state the sequence in business financial documents from the time
purchasing goods to when selling goods. i will begin by illustrating a diagram and then explain
the stages.
Page |1 Gihozo Emmanuel Book Keeping In Business
, purchase
inquiry quotation
order
order
receipt invoice
form
In this step I am going to explain all these steps one by one how they follow each other in order
to complete this task.
Inquiry: The inquiry is the first step in this hierarchy because before you purchase any
commodity you have to first know what that company you are about to purchase the
goods form if it has them .an inquiry are simple the questions regarding a business that
might be asked by a potential customer.
Quotation: A quotation is a business document that a seller provides to a buyer to offer
goods or services at a stated price, under specified conditions. The quotation is the next
step after the inquiry because after you have made an inquiry form a certain business, you
expect feedback from the company which is why the quotation is the next step.
Purchase order: A purchase order is a commercial document issued by a buyer to a
seller, indicating the types, quantities, and agreed prices for products or services the seller
will provide to the buyer. The purchase order is the next step because after the company
has given you the details of the products it sells, then the buyer is the o=next one who
gives the order to the company or the business of the goods, the number of goods and the
prices that have been agreed in order to sell the products.
Page |2 Gihozo Emmanuel Book Keeping In Business
