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What information is required before approving an invoice for payment?
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What do you mean by invoice bill?
An invoice is a record of purchase and a bill is a document demanding payment of something, so an invoice bill would logically be demanding payment from a purchase of something.
When wct tax is deducted either on advance payment or on booking of invoice?
on the book of invoice...
What are the business document used in accounting?
Cheques, Receipts, Payment invoice, Cash invoice,
What is the definition of a credit sales invoice?
A sales invoice is a commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment. Also known as a "bill", "statement" or "sales invoice".
What is the purpose of a invoice?
The purpose of an invoice is the inform the person that bought items from the sender of the invoice, when there payment is needed and how much they need to pay.
What do you mean by invoice bill?
An invoice is a record of purchase and a bill is a document demanding payment of something, so an invoice bill would logically be demanding payment from a purchase of something.
What is purpose of invoice?
It is a documentary evidence for the completion of a Transaction against which the payment is made by the buyer and keeps that invoice for future reference and to present it to Tax Department.. It is necessary that an invoice should be generated against every transaction. It is required by the Tax Levying authorities too.
What information should an invoice include?
Invoice number, invoice date, description of product or services sold, Sales order number (Accounts receivable), or Purchase order nuber (AP), customer against whom the invoice is raised, Tax/VAT - value added tax, Name of the company who is raising the invoice, the bill to address, delivery address, payment terms (optional) etc
What does invoice mean?
request for payment i.e. billTypically a request for payment.
When wct tax is deducted either on advance payment or on booking of invoice?
on the book of invoice...
What are the business document used in accounting?
Cheques, Receipts, Payment invoice, Cash invoice,
What is the meaning of payment terms ADI?
The invoice is due X days "After Date of Invoice"
What is the definition of a credit sales invoice?
A sales invoice is a commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment. Also known as a "bill", "statement" or "sales invoice".
What is the purpose of a invoice?
The purpose of an invoice is the inform the person that bought items from the sender of the invoice, when there payment is needed and how much they need to pay.
What should be supporting documents of payment voucher?
suporting document for payment invoice
Is it always best to have invoice signed for approval after processing for payment?
It is best to have invoices signed for approval 'before' processing for payment. Each invoice should be checked to ensure the invoice is genuine. There have been cases were an invoice is bogus, and a criminal has sent it to a company in the hope the invoice will be paid without being checked.
What steps would you take before approving an invoice for payment?
Confirm that the merchandise or service was properly ordered (eg. a Purchase Order, or order placed by an authorized person), confirm that the merchandise was received on time and in good condition, confirm the vendor is approved.
