Identify, from the supplier’s point of view, a source document and the information that should be used included on the document for each of the following transactions:

• the supplier receives cash from the customer at the time of selling goods

• the supplier sells goods on credit

• the supplier receives funds directly into the bank account from a customer for a purchase previously made on credit

• the supplier accepts a return of goods that were damaged at the time of purchase on credit and needs to adjust the customer’s account.

Identify, from the customer’s point of view, a source document and the information that should be used included on the document for each of the following transactions:

• the customer pays the supplier cash at the time of purchase

• the customer buys goods on credit

• the customer transfers funds directly to the supplier’s bank account for a purchase previously made on credit

• the customer returns faulty goods to the supplier and receives a credit for the amount.