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Introduction: In this assignment I am going to show all the types of financial transactions and documents which would take place in a business organisation. To establish that I fully understand all the financial documents I will produce evidence which shows actual documents from a business with a explanation. I will obtain all the purchase, sales documents and examples of payment method and receipt documents. Also I will explain the financial transactions which take place regularly in an organisation and an explanation of why transactions are kept. Security in a business is very important issue therefore I will explain the methods in ways that business goes to length to prevent fraud and theft. The information will be obtained from the "Heinemann GNVQ for business studies" text book. Explain and give examples of purchases and purchase documents: Purchases: 1) Materials. 2) Services. 3) Wages. Purchase documents 1) Order Placed. 2) Purchase Invoice 3) Credit Note 4) Goods received Note. Purchases Materials 1) When organisations are...

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