Accounting Dictionary - Accounting Terms
Invoice
Invoice is a source document provided by the seller (from the side of seller – Sales Invoice) to the customer (from the side of customer – Purchase Invoice) to support sale.
Invoice includes all the details of the sale, i.e. names of seller and customer, description, quantities and price of goods, total amount payable, due date and other necessary information.
Invoice is one of the most important source documents, since it is a prove than transaction occurred and should be recorded.
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