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 Accounts Payable  |  Question 7 of 114    Print  
what is the meaning of invoice?

  
Total Answers and Comments: 9 Last Update: September 09, 2008     Asked by: ajay 
  
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 Best Rated Answer
Submitted by: sureshtrl
 
Invoice is nothing but credit sales made

Above answer was rated as good by the following members:
lugy4ntlora, vensandi_07
October 06, 2005 09:12:41   #1  
vinod sonawane        

RE: what is the meaning of invoice?
A formal request for payment; a written record of a transaction submitted to customer or client when requesting payment for services or goods delivered; includes taxes where applicable; also called bill, and sometimes statement, though the term "statement" has a different meaning that does not include a formal request for payment
 
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January 06, 2006 02:33:55   #2  
S.RAVINDRA        

RE: what is the meaning of invoice?

Invoice is a statement which contains the under mentioned details compulsorily.

1. Invoice Numner

2. Invoice date

3. Name and address of the person making the invoice ( Seller of goods and service)

4. Name and address of the person to whom invoice is made. ( Buyer of goods and service)

5. Description of goods / services involved

6. Applicable rates and taxes with percentages

7. Rate of the goods / services

8. Quantity of the goods and services

9. Quality or any other specifications

10. Price / Value of the goods and services

11. Invoice must be signed by the person making it

12. Terms and conditions of making the payment

 


 
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June 03, 2006 07:09:50   #3  
shambhi        

RE: what is the meaning of invoice?
purchase book writtenup with the help of invoices received. Whether goods are bought by a trader on credit, he receives from the supplier either through post or along with the goods a statement giving the particulars of the quantity, quality and the price of goods. The statement is know as invoice.
 
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April 02, 2007 07:21:40   #4  
Rajeshwari        

RE: what is the meaning of invoice?
When ever goods are bought by the trader on credit, he receives from the supplier either through post or along with the goods, a statement giving the particular of the quantity, quality and the price of goods.
 
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April 09, 2007 07:34:55   #5  
krishna murthy        

RE: what is the meaning of invoice?
invoice is a statement sent by the seller to the purchaser which contains the details of the quantity of goods sold and price of the goods/product, terms and conditions of payment particulars.
 
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September 19, 2007 05:58:04   #6  
vaishnavi        

RE: what is the meaning of invoice?
Invoice is a document sent to the customer by the seller for the payment of the bill for services / goods delievered. It is also known as Bill.
 
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October 12, 2007 10:48:13   #7  
sureshtrl        

RE: what is the meaning of invoice?
Invoice is nothing but credit sales made
 
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May 22, 2008 03:33:45   #8  
lugy4ntlora Member Since: May 2008   Contribution: 1    

RE: what is the meaning of invoice?
Invoice is what you get from the supplier for goods that you bought on credit. that contains the price ,quantity of goods, the suppliers and yoour information and date.
 
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September 09, 2008 02:03:50   #9  
wasim_inam Member Since: September 2008   Contribution: 1    

RE: what is the meaning of invoice?
Invoice is credit sales receipt, monthly statement (newspaper, membership, Advertisement Fees), Purchase orders, utility Bills (Water, Sewer, Electricity, Telephone bills). Customer has to pay according to invoice if he is obtaining above services.

Invoice is nothing but data which has unique invoice no, customer no to whom service provided. eg. for Telephone bills there wil be customer account no, service period, amount to pay, due date, discount if any, discription of usage of telephone (total minutes, charges per minute, STD or ISD calls etc.)

 
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