This document provides information on various business concepts including invoices, bills, purchase orders, customer orders, inventory control, checks, reorder levels, and return on investment. An invoice is a document from a seller to a buyer listing the products, quantities, and agreed prices that have been provided. A purchase order is an offer from a buyer to a seller specifying the types, quantities, and agreed prices of products or services. Inventory control involves supervising supply levels to ensure adequate but not excessive amounts of items. A reorder level is the inventory amount at which a new order is placed. Return on investment is a performance measure that evaluates investment efficiency by dividing net profit by cost of investment.

1. Business fundamentals
Name : Dimuthu Maduranga
Group Name: Zambrone

2. IInnvvooiiccee
● WWhhaatt iiss aa iinnvvooiiccee??
Invoice is a commercial document issued by a seller to a buyer,
indicating the products,quantities and agreed prices for products
or services that the seller has already provided the buyer with.

3. Sample for invoice

4. BBiillll
● What is a bill?
A printed or written statement of the money owed for
goods or services.

5. Sample for bill

6. Sample for bill

7. PPuurrcchhaassiinngg oorrddeerr
● What is a PO?
A purchase order (PO) is a commercial
document and first official offer issued by a buyer
to a seller, indicating types, quantities, and
agreed prices for products or services.

8. ssaammpplele

9. CCuussttoommeerr oorrddeerr
● What is a custom order?
The Sales Order, sometimes abbreviated as SO, is an
order issued by a business to a customer. A sales order
may be for products and/or services. Given the wide
variety of businesses, this means that the orders can be
fulfilled in several ways.

10. sample

11. IInnvveennttoorryy CCoonnttrroolllliinngg
Inventory Control is the supervision of supply, storage and
accessibility of items in order to ensure an adequate supply
without excessive oversupply.
It can also be referred as internal control - an accounting
procedure or system designed to promote efficiency or
assure the implementation of a policy or safeguard assets or
avoid fraud and error etc.

12. Inventory controller
Good Receive Note(GRN) Good Issue Note(GIN)

13. ● Good Receive Note
Record of goods received at the point of receipt. This record is
used to confirm all goods have been received and often compared
to a purchase order before payment is issued.
More details-www.businessdictionary.com

14. CChheeqquuee
A cheque is an order to a bank to pay a stated sum from
the drawer's account, written on a specially printed form.

15. sample

16. Advantage and disadvantage ooff uussiinngg cchheeqquuee
Advantage Disadvantage
✗ You don't have to carry cash all the
time
✗ More Security
✗ Cant be cashed at unsecure area.
✗ Only person that is signed to can cash
it
✗ You can people anytime/anyplace you
want without having to worry about the
money you have in your Wallet
✗ Must wait for bank to open
✗ There might be a certain date when you
can cheque it
✗ Only person that is signed to can cash it
✗ We must always keep track of our bank
balance before issuing a check. Issuing a
check without sufficient balance in the
account is a felony
✗ Checks can be lost or stolen and the
customer must be careful to not let that
happen.

17. RRee--oorrddeerr LLeevveell
Reorder level (or reorder point) is the inventory level at
which a company would place a new order or start a new
manufacturing run.

18. RReettuurrnn OOnn IInnvveessttmmeenntt ((RROOII))
A performance measure used to evaluate the efficiency of an
investment or compare the efficiency of a number of different
investments. To calculate ROI, the return on an investment is
divided by the cost of the investment, as shown here; the
result is expressed as a percentage or a ratio.
The return on investment formula is:
ROI = (Net Profit / Cost of Investment) x 100

19. EENNDD