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can anyone give me clear meaning of INVOICE in accounting terms
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yes the invoice is the account term it use in purchase and sale at that time
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Answer / md.shamim
good morning friend invoice is a document.it give saller
to purcaser.it is a proof of good purchase.in invoice all
deatil of goods and saller information.and buyer
information.invoice is a proof when we fill return tax.
| Is This Answer Correct ? | 0 Yes | 5 No |
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
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