Monday, June 16, 2014

INVOICE



Invoice is that accounting source document which is sent by vendor of goods to buyer after selling the goods. 

In this note, vendor writes the descriptions of selling goods quantity, rate, value of sold goods and other terms of payment.



This invoice is useful for both seller and buyer.  followings are main content of Invoice :

  1. Name and address of Vendor

  2. Name and address of buyer

  3. Date of Invoice and S.No.

  4.  Date and number of purchase order by buyer.

  5. Quantity of sending goods.

  6. Per Unit price of goods sold.

  7. Total Price of Products.

  8. Tax Payments like GST and VAT

  9. Discount and allowance.

  10. Expenses on delivered Products.

  11. Total payable amount by buyer of goods.

  12. Terms of sales.

  13. Signature of vendor or its agent.

  14. E. & O. E. ( Errors and omissions excepted )


Invoice Vs Invoicing

Invoice is commercial document which indicate the goods which has been sold on credit but invoicing is reference for delivering baggage to a flight company in an airport before taking a flight.



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