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what is the difference between proforma invoice ,
commercial invoice and invoice
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Answer / mayank
Performa invoice means we can say quotation for approving
your quoted price for your selling item but commercial
invoice is prepared after getting approval of performa
invoice ; commercial invoice has two types 1) taxable
invoice and taxfree invoice.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / manju
Proforma Invoice is prepared before the Despatch of
Materials, and ll be sent to client for any other
clarifications and Advance Payments.
Invoice is prepared after the materials are ready for
despatch.
Commercial Invoice and Invoice are Same.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / ashok
Invoices are of 2 types : Proforma Invoice & Commercial
Invoice.
Normally, Proforma Invoice is prepared to get advance
payment from the customer before despatch of Materials.
On the other hand, Commercial Invoice is prepared after the
materials are despatched to the customer.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / guest
proforma invoice is like a or equal to quotation, and the
commercial invoice is used for commercial purpose and the
invoice is used for general purpose.
| Is This Answer Correct ? | 0 Yes | 4 No |
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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