Question

Match the columns :
Column A Column B
i.Quotation (a) Buy now pay later plan
ii. Invoice (b) Satisfactory terms and conditions of sale
iii. Deferred Instalment Plan (c) Detail transaction with the buyer
iv. Deferred payment (d) Non-execution of order
v. Letter of Regret (e) Amount to be received by the seller

Answer 1

Answer:

Match the followings:

i) Quotation - c) detail transaction with the buyer

In business studies quotation is defined when the buyer is satisfied with the terms and conditions, which is mentioned in the sale department.

ii) invoice - Amount to be received by the seller

It contains the detail transaction from the  buyer to the seller. The seller sends the invoice along with the goods to the buyer.

iii) Deferred Installment Plan- a) Buy now pay later

This process involves a small amount of transaction at the time of purchasing a product and the rest of the amount may be paid later.

iv) Deferred Payment-  Non Execution of order

v) Letter of Regret - Satisfactory terms and conditions for sale

It is essential in business to provide with the terms and conditions for the sale of a product.