In a typical sequence of trade documents, which of the following represents the CORRECT order from the buyer's initial inquiry to final settlement?

Question

Accepted Answer

Inquiry → Quotation → Purchase order → Invoice → Statement of account → Receipt. The standard sequence begins with the buyer sending an inquiry, the seller responding with a quotation, the buyer issuing a purchase order, the seller dispatching goods with an invoice, the seller sending a periodic statement of account, and finally the buyer making payment acknowledged by a receipt

Answer

A) Inquiry → Quotation → Purchase order → Invoice → Statement of account → Receipt

Answer

B) Quotation → Inquiry → Invoice → Purchase order → Receipt → Statement of account

Answer

C) Purchase order → Inquiry → Quotation → Invoice → Receipt → Statement of account

Answer

D) Inquiry → Purchase order → Quotation → Statement of account → Invoice → Receipt

In a typical sequence of trade documents, which of the following represents the CORRECT order from the buyer's initial inquiry to final settlement?

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