Match each commercial document used in home trade with its appropriate functional description.
- Letter of InquirySent by a prospective buyer to request details regarding goods availability, prices, and trade terms
- OrderIssued by a buyer to formally request the supply of specified goods and quantities
- Proforma InvoiceIssued by a seller as a preliminary bill demanding payment before goods are dispatched
- Statement of AccountSent periodically by a seller to summarize all sales, receipts, and outstanding account balances
Answer
The Letter of Inquiry matches the document sent by a prospective buyer asking for price and availability details; the Order matches the buyer's formal document requesting goods supply; the Proforma Invoice matches the preliminary bill demanding payment prior to dispatch; and the Statement of Account matches the periodic document summarizing transactions and net balances.
Each commercial document aligns directly with its primary function in home trade operations: inquiring about goods, placing an order, requesting advance payment via proforma invoice, and summarizing financial balances through a statement of account.
Step-by-Step Solution
Key Concept
Functions of Commercial Documents in Home Trade