can anyone give me clear meaning of INVOICE in accounting terms

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

1411


Tell me the steps for Import and Export Thanks

1482


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

1646


what are the rules and regulations of junior accountant

1907


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

1685






What are the benefits ofparticipation in a depository?

2015


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1631


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1529


Expand---------DEP

1494


AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??

1722


In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

1567


Please share different type of Z report

931


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1460


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1547


plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

1512