What document is provided to a customer as proof of payment received?Group of answer choicesReceiptInvoiceStatement of AccountQuotation
Question
What document is provided to a customer as proof of payment received?
- Receipt
- Invoice
- Statement of Account
- Quotation
Solution
Sure, let's analyze each option step by step to determine the correct answer:
-
Receipt:
- A receipt is a document provided to a customer as proof that payment has been received. It typically includes details such as the date of the transaction, the amount paid, and a description of the goods or services purchased.
-
Invoice:
- An invoice is a document issued by a seller to a buyer indicating the products, quantities, and agreed prices for products or services the seller has provided. It is a request for payment, not proof of payment.
-
Statement of Account:
- A statement of account is a summary of all transactions between a buyer and a seller over a specific period. It includes invoices, payments received, and any outstanding balances. It is not specifically proof of a single payment received.
-
Quotation:
- A quotation is a document that provides a potential buyer with a detailed offer for goods or services at a specified price. It is not related to payment received.
Based on the analysis, the correct answer is:
Receipt
A receipt is the document provided to a customer as proof of payment received.
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