CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions
Interview Success Kit - Get Success in Job Interviews Interview Success Kit - 30,000 Interview Que. & Ans.
Covers 30,000+ Interview Questions asked in actual MNC Interviews - all with model answers.
Get Your Dream Job Now - www.vyoms.com
Sponsored Links
Interview Questions
Our Services

INTERVIEW QUESTIONS ACCOUNTS ACCOUNTS PAYABLE DETAILS
Question :
What is the meaning of invoice?


Category Accounts Payable Interview Questions
Rating (3.8) By 45 users
Added on 7/21/2011
Views 2390
Rate it!
Answers:

Invoice is a statement which contains the under mentioned details compulsorily.

1. Invoice Numner

2. Invoice date

3. Name and address of the person making the invoice ( Seller of goods and service)

4. Name and address of the person to whom invoice is made. ( Buyer of goods and service)

5. Description of goods / services involved

6. Applicable rates and taxes with percentages

7. Rate of the goods / services

8. Quantity of the goods and services

9. Quality or any other specifications

10. Price / Value of the goods and services

11. Invoice must be signed by the person making it

12. Terms and conditions of making the payment



1.Invoice means list of goods/serviceprovided.
2.With a statement of the payment that is due.



Posted by: m.vijayalakshmi

Contact m.vijayalakshmi Contact m.vijayalakshmi



1. Invoice is a statement bearing the detail of the goods delivered or service provide to certain bearer of the goods or service.



Posted by: HARISH VASHISTHA

Contact HARISH VASHISTHA Contact HARISH VASHISTHA

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms.

In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so rather than quantity, price and discount the invoicing amount is based on quantity, price, discount and duration. Generally speaking each line of a rental invoice will refer to the actual hours, days, weeks, months etc being billed.

From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).



Posted by: Anand

Contact Anand Contact Anand

Invoice is nothing but a credit sales made.

or

Invoice is a statement which contains the details of the qty of goods sold and price of goods/products, terms and conditions for payment particulars.



Posted by: Mani Kumar

Contact Mani Kumar Contact Mani Kumar

An invoice is a document raised by a supplier on a customer demanding payment against the goods supplied or services rendered. It contains the details of products, quantities and agreed prices for products or services which the supplier has supplied or provided to the buyer. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller. Invoices are often called bills.



Posted by: Ibrahim Khaleel

Contact Ibrahim Khaleel Contact Ibrahim Khaleel

It is an written document prepared by seller or consignor. It contains description of goods, quantity, rate, all duties taxes and others sale terms & condition.



Posted by: Basavaraj M Jadegondar

Contact Basavaraj M Jadegondar Contact Basavaraj M Jadegondar

could you please give me more information about invoices issued and received and other examples on them.



Posted by: Bwanteiti

Contact Bwanteiti Contact Bwanteiti

It is a proof which is clear that we sale the good on fixed amount.It is describe amount,rate,date,name of debtor,tax condition of payment.



Posted by: Shahu dinesh Manoharprasad

Contact Shahu dinesh Manoharprasad Contact Shahu dinesh Manoharprasad

invoice is a business document which is prepared when one se goods to another.



Posted by: leenapriyadarsini

Contact leenapriyadarsini Contact leenapriyadarsini

invoice is nothing but in a simple language its a bill which is provided by the saler to the customer




Regards,
Nicku



Posted by: nicku

Contact nicku Contact nicku

If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in CoolInterview.com:-

  • There should not be any Spelling Mistakes.
  • There should not be any Gramatical Errors.
  • Answers must not contain any bad words.
  • Answers should not be the repeat of same answer, already approved.
  • Answer should be complete in itself.
  • Name :*
    Email Id :*
    Answer :*
    Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
    Process Verification Enter the above shown code: *
    Inform me about updated answers to this question

    Related Questions
    View Answer
    What procedure for excess payment to supplier i would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps

    View Answer
    What is the difference between Consiner and Consinee?

    View Answer
    What is the difference between SAP MEMORY and ABAP MEMORY?

    View Answer
    How is a PO (Purchase order created)?

    View Answer
    How does the payment mechanism work?

    View Answer
    What is a Parked Report?

    View Answer
    What do you understand by Open Item Managed Account?

    View Answer
    What do you mean by WCC?

    View Answer
    What is the difference between EFT & Wire?

    View Answer
    What is a IFA?

    View Answer
    What do you understand by Intercompany Settlement?

    View Answer
    What is FBT(Fringe Benefit Tax)??
    View Answer
    What is debit and credit from the banks point of view ?
    View Answer
    What is meant by liabilities ?
    View Answer
    What is debit and credit from the customer point of view ?
    View Answer
    What steps would you take before making a payment?
    View Answer
    1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplair sent only up to 25/- worth of goods. Know My question is that we want to close the transaction now. How it possible?
    2. what about VAT like Tax Setups in AP and AR?
    3. what about the SWEEP command in AP?
    View Answer
    What are seps to define supplier?
    View Answer

    Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

    View ALL Accounts Payable Interview Questions & Answers

    User Options
    Latest 20 Questions
    Where are Blocks located?
    How to make a block cacheable?
    What is the need of making Blocks cacheable?
    Explain groups concept in user management of Concrete5?
    What is department?
    What is departmental accounting?
    What is departmental accounting?
    What is departmental accounting?
    What is meant by invoice price?
    What are the features of dependent branch?
    What is a foreign branch?
    What is a foreign branch?
    What is a foreign branch?
    Name and explain the two types of Inland Branch.
    Explain Inland Branch.
    What are the types of branch?
    What is the responsibility of a branch manager?
    Who is a branch manager?
    What is the primary objective of branch accounting?
    What is branch accounting?



    Fresher Jobs | Experienced Jobs | Government Jobs | Walkin Jobs | Company Profiles | Interview Questions | Placement Papers | Companies In India | Consultants In India | Colleges In India | Exams In India | Latest Results | Notifications In India | Call Centers In India | Training Institutes In India | Job Communities In India | Courses In India | Jobs by Keyskills | Jobs by Functional Areas

    Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes

    Gate Articles | Gate Books | Gate Colleges | Gate Downloads | Gate Faqs | Gate Jobs | Gate News | Gate Sample Papers | Gate Training Institutes

    MBA Articles | MBA Books | MBA Case Studies | MBA Business Schools | MBA Current Affairs | MBA Downloads | MBA Events | MBA Notifications | MBA FAQs | MBA Jobs
    MBA Job Consultants | MBA News | MBA Results | MBA Courses | MBA Sample Papers | MBA Interview Questions | MBA Training Institutes

    GRE Articles | GRE Books | GRE Colleges | GRE Downloads | GRE Events | GRE FAQs | GRE News | GRE Training Institutes | GRE Sample Papers

    IAS Articles | IAS Books | IAS Current Affairs | IAS Downloads | IAS Events | IAS FAQs | IAS News | IAS Notifications | IAS UPSC Jobs | IAS Previous Question Papers
    IAS Results | IAS Sample Papers | IAS Interview Questions | IAS Training Institutes | IAS Toppers Interview

    SAP Articles | SAP Books | SAP Certifications | SAP Companies | SAP Study Materials | SAP Events | SAP FAQs | SAP Jobs | SAP Job Consultants
    SAP Links | SAP News | SAP Sample Papers | SAP Interview Questions | SAP Training Institutes |




    Copyright ©2003-2016 CoolInterview.com, All Rights Reserved.
    Privacy Policy | Terms and Conditions



    Cache = 0 Seconds