Invoice sent by seller is called outward invoice.
Invoice received by buyer(from seller) is called Inward Invoice
An "inward" is one you receive that you need to pay. An "outward" is one you prepare and send to someone to pay you.
Outward
Are the bills which are received by the buyers from the suppliers
yes
"Inward" refers to receiving funds, while "outward" refers to sending funds. So, in banking services, transaction charges for RTGS would vary based on whether you are sending money outward (making a payment) or receiving money inward (receiving a payment) through the RTGS system.
A lenses that curve outward is convex.A lenses that curve inward is concave.
wage inward is a direct expense shown in Trading Account whereas wage outward is an indirect nature of expense debited to Profit & loss account.
No. Outward is an adverb (in a direction away, rather than toward). It is generally the opposite of "inward."
outward and inward linkage
Returns inward: Faulty or wrong goods that the customers return back to business Returns outward: Faulty or wrong goods that business returns back to supplier.
Inward looking means self sufficient i.e producing goods sufficient to their country less imports. outward looking means increase in exports.
An outward LC is opened on behalf of a customer who wishes to import or buy goods. An Inward LC is opened by a foreign bank in favor of the exporter.