can anyone give me clear meaning of INVOICE in accounting terms
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Answer / vijayan
Invoice is a business document which is prepared when one
sell goods to another.The statement is prepared by the
seller of goods.its contains the information relating to
name and address of the seller and the buyer,the date of
sale and the clear description of goods with quantity and
price
| Is This Answer Correct ? | 23 Yes | 0 No |
Answer / honey
An invoice is a statement,which is prepared by the seller of
the goods at the time of credit sales containing quantity
quality,price of the goods..This statement has been sent to
buyer in order to agree for the future payment.
| Is This Answer Correct ? | 7 Yes | 1 No |
invoice is commercial documents which issued by seller to
the buyer, indicating product quantity and agreed prices
for the product, and its indicate to the buyer pay for
services according payments term.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sajjad1
A documents which is prepared by the consingor/Saller its a
proof from seller for purchaser include all the information
about the customer/purchaser and goods. its not neccesary
the the invoice is only issue at the time of cr sales
invoice is issued at the time Cash and cr sales.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / parvej ahmad
Invoice is conformation and description of goods released
to the customer from stock displaying the total amount to
be debited from the customer - Generally release by the
store keeper.
And producing this itemized INVOICE a Bill is released
against the INVOICE when the customer makes the said
payment. and final accounting entries done by accountant.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sanket
An invoice or bill is a commercial document issued by a
seller to the buyer, indicating the products, quantities,
and agreed prices for products or services the seller has
provided the buyer. An invoice indicates the buyer must pay
the seller, according to the payment terms. The buyer has a
maximum amount of days to pay for these goods and is
sometimes offered a discount if paid before the due date.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bhoorelal prajapati
Invoice is a commercial documents prepared by the sellers which indicate both address and invoice number with goods price with all government taxes as applicable by law to buyers have to pay with t&c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashraf
it is commercial document prepared by the company and sent to the customer with details of items and price
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / naveen kumar.karumuri
INVOICE IS NTNG BUT DETAILED DOCUMENT...IT CONSIST OF SALES
INFORMATION IT MIGHT BE BUYER,SELLER ADDRESES,
HERE 1.HOW MUCH QTY DESPACHED
2.MATERIAL DESCRIPTION
3.PRICE DETAILS
4.TAX DETAILS
5.ADDRESS OF THE BUYER AND SELLER BOTH
6.INVOICE NOS
EX:X SOLD GOODS TO Y" 10 KGS MANGOS SOLD PER EACH KG 25/-
SERVICE TAX@10%,excise duty&10% EC&SHEC ARE
APPLICABLE......THIS PROCESS IS ALSO KNOWN AS "INVOICE"
| Is This Answer Correct ? | 0 Yes | 1 No |
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EXPAND___________KFCC
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can anyone give me clear meaning of INVOICE in accounting terms
12 Answers Aster Infratek, Microsoft,
Answered but misspelled pl correct BOOK kEEPING IS AN ACTIVITY CONCERNED WITH (Ans.RRECOGDIN)
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
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Audit 
