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can anyone give me clear meaning of INVOICE in accounting terms
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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"
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