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When is an invoice issued?
An invoice is issued after delivering requested trade goods or after making requested services. An invoice is a document confirming the transaction.
What is the difference between trading invoice and sales invoice?
I've never really ran across this, but my understanding, and I do hope that I am at least close is: A trade invoice is an invoice dealing with a "trade", product for product or service for service, even product for service and vice versa. (no cash is involved.) Where a "sales" invoice is pertaining to a cash/product or cash/service transaction.
What is the difference beween PO invoice and non PO invoice?
Po is normal process. But non po permission from higher authority. Po based on WBS elements but non PO not based on WBS elements (WBS -Work breakdown structure)
How do you account for goods received and invoice received?
Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)
What is the different between trade and non trade account?
Trade accounts are directly linked to core business activity whereas non trade accounts are not. If you are a supermarket, a trade transaction would occur with a supplier, a non-trade transaction could relate to employee benefits.
When is an invoice issued?
An invoice is issued after delivering requested trade goods or after making requested services. An invoice is a document confirming the transaction.
What does TI'S mean in banking terms?
Trade Invoice
What is the difference between trading invoice and sales invoice?
I've never really ran across this, but my understanding, and I do hope that I am at least close is: A trade invoice is an invoice dealing with a "trade", product for product or service for service, even product for service and vice versa. (no cash is involved.) Where a "sales" invoice is pertaining to a cash/product or cash/service transaction.
What do you under stand by invoice price?
invoice price is the price of a good or trade without cost of transport and without tradetaxes. If you see the invoice price you have to aware more costs!
What is Concept of discount retailing giving details of the world largest discount retailer?
What is the basis of prompt payment discount for sales with trade off invoice discounts? Is it before off invoice discount or after the off invoice discount?
What is the difference beween PO invoice and non PO invoice?
Po is normal process. But non po permission from higher authority. Po based on WBS elements but non PO not based on WBS elements (WBS -Work breakdown structure)
How do you account for goods received and invoice received?
Goods Received: Debit Stock Credit Goods Received Invoice Received: Debit Goods Received Credit Trade Payables Result: Debit Stock (Asset) Credit Trade Payables (Liability)
Explain the difference between trade discount and cash discount?
A trade discount is a discount that a manufacturer or wholesaler makes to the retail price of a product when selling to a reseller. A cash discount is a reduction made to the invoice if the buyer pays the invoice prior to a set date.
What is non-fraudulent trade?
Non fradulent trade is trade which results in everyone getting what they expected.
What is an inward invoice and outward invoice?
Invoice sent by seller is called outward invoice. Invoice received by buyer(from seller) is called Inward Invoice
supplied goods costing Rs600 to narendra invoice at 10 above cost and allowed 2 trade discount?
Good for you!
How much is the invoice price of Purchased merchandise for 8000 with 5 trade discount FOB shipping point freight prepaid of 3000?
additional question above. Is freight charges included in the deduction of list price to get invoice price?
