BC documents

Question 1

What is Business Document?

Answer 1

It is a proof written record of anything happening between two or more business partners. eg invoice, receipt

Question 2

Why we need Business Documents?

Answer 2

1. it is legal proof for any kind of business transactions.
2. It reduces risk of dispute between suppliers or customers.
3. It is useful for refund if they are any issues related to the product or service.
4. It helps to detect fraud.
5. It helps in forecasting, allows to analyze to make any further decisions.

Question 3

What kind of data do we find in business documents?

Answer 3

Name of the company, address, product/service information, price, delivery date, order id, product id, selling price, purchase price.