| A | B |
|---|
| Debtor | Someone who owes us money |
| Creditor | Someone we owe money to |
| Debit | An entry on the left hand side of an account |
| Credit | An entry on the right hand side of an account |
| Stale | Used to describe an out of date cheque |
| Goods Received Note | An internal document recording the receipt of goods |
| Delivery Note | Accompanies goods when despatched |
| Remittance Advice | Accompanies payments |
| Cash Discount | Discount for early settlement of an invoice |
| Trade Discount | Discount for trade customers |
