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February 4, 2009

What is an invoice?

An invoice is defined in a Webster’s dictionary as “an itemized bill for goods sold or services provided, containing individual prices, the total charge, and the terms.”

The invoice is often referred to as the sales invoice. However, the purchaser of the goods or services might refer to the invoice received from the vendor or supplier as a purchase invoice.

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Comments

12 Responses to “What is an invoice?”

  1. Rajesh Sharma on February 9th, 2009 4:23 am

    what is a petty cash book.

  2. Faruque on February 16th, 2009 5:12 am

    What should do with the retained earnings.

  3. sheen on March 3rd, 2009 6:38 am

    what is a suspence a/c?

  4. Thakor Ashish.J. on March 3rd, 2009 10:07 pm

    What is a Journal Entry / Meaning of Journal Entry & How Make a this Entry in A/c.

  5. sunethra on March 4th, 2009 12:03 pm

    What is a single column and double column cash books.
    How can I draw and enter entires ?

  6. simi on March 5th, 2009 12:05 pm

    sunethra
    In single column cash book we just record cash.
    in double column cash books we record cash and discount as well.
    if u r having book “principles of accounting” by “M.A.Ghani” read page 118 and 121.
    you will get ur answer.

  7. simi on March 5th, 2009 12:10 pm

    may i know what is inventory???

  8. Pepna (YAP) on March 9th, 2009 5:06 pm

    Dear Sir/Madam,

    I`m a student in a particular University in the Pacific studing business Accounting and this online website is very helpful tool in doing my research, and daily class activities.

    I very much appreciate for keeping me informed to compete in this competitive business world.

    Pepna

  9. Aaron on April 23rd, 2009 8:59 am

    Please provide me with new accounting questions for March and April 2009.
    I am interesting in your answer.

  10. jay mama on April 27th, 2009 8:56 am

    can l use an invoice to prepare a profit and lost account.

  11. CHUKWUEMEKA on May 25th, 2009 7:11 am

    How do i ensure that vendors are not short paid or over paid?

  12. Wonderboy on October 30th, 2009 5:03 pm

    Dear Sir,
    i appriciate your working regarding accounting.

    Just i want explanation of the role of International Accounting Standards and International Financial Reporting Standards.
    Hope you will help me with that.

    Thanks!

    Wonderboy

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