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


    Category Accounts Payable Interview Questions
    Rating (0.4) By 1627 users
    Added on 7/21/2006
    Views 3944
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    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    

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    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    

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    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    

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    the seller or supplier add some percentage of amout than actual price.that is profit to the seller



    Posted by: jasmin    

    Contact jasmin Contact jasmin

    invoive is a document issued by the supplier to customer, it contains about goods amount (to pay)



    Posted by: santosh    

    Contact santosh Contact santosh

    Invoice is noting but an evidence of sale or purchase.



    Posted by: pavan    

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    An itemized statement of money owed for goods shipped or services rendered



    Posted by: maqbool    

    Contact maqbool Contact maqbool

    invice is aganist recivable notice thats all



    Posted by: ahamedjameel    

    Contact ahamedjameel Contact ahamedjameel

    Invoice is a bill having the details of transaction and an evidence of sale or purchase.



    Posted by: Rajasekhar    

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    An Invoice is a written proof of transaction is called invoice.



    Posted by: Neeraj Sharma    

    Contact Neeraj Sharma Contact Neeraj Sharma

    Invoice is the sourcce document between the seller and the buyer.



    Posted by: Aravindkumar    

    Contact Aravindkumar Contact Aravindkumar

    Invoice: It is an evidence of credit sales transaction. It is sent to the customer by the supplyer stating the details of goods, amount and terms and conditions of payment.



    Posted by: Swamy     

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    Invoice: Invoice is the legal documents stating that the goods delivered to the consignee by consignor as per the terms of Purchase order indicating all the parameters like commercial bill #, Bill Date, payment Terms,Duties and Taxes and other relevant information. If any advance paid by the consignee to consignor that will be shown on the invoice and balance amount to be payable to the vendor as per the terms of the Payment.



    Posted by: Shyamprasad Venkata M    

    Contact Shyamprasad Venkata M Contact Shyamprasad Venkata M

    Invoice means Bill

    When goods sales or Purchase that time pay Invoice.

    Invoice has Qty,Address,Bill no,Vat,Material name,Service charges



    Posted by: manjappa    

    Contact manjappa Contact manjappa

    When goods sold on credit the trader receves the bills from the supplier such bills are called invoice. generally invoice contains name of the buyer address, name of the seller address, invoice no, date,trade or cash discount,net amount.



    Posted by: suresh gedupuri    

    Contact suresh gedupuri Contact suresh gedupuri

    INVOICE IS A CERTIFICATE/EVIDENCE FOR SELLING & BUYING. IT IS A FIRST STEP IN ACCOUNTS FOR PURCHASE OR SALES ENTRY



    Posted by: AWAN    

    Contact AWAN Contact AWAN

    invoice is where where we enter quantity,rate,total of the amount is enter, invoice bill, the fielda are rate date quantity and total amount willbe there usually.



    Posted by: rakesh nilagiri    

    Contact rakesh nilagiri Contact rakesh nilagiri

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



    Posted by: Domenico Corrado    

    Contact Domenico Corrado Contact Domenico Corrado

    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: GURU BABU    

    Contact GURU BABU Contact GURU BABU

    A list of goods sent or Services provided, with a statement of the sum due.



    Posted by: Devendar    

    Contact Devendar Contact Devendar

    A nonnegotiable commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts (if any), and delivery and payment terms.
    In certain cases (especially when it is signed by the seller or seller's agent), an invoice serves as a demand for payment and becomes a document of title when paid in full. Types of invoice include commercial invoice, consular invoice, customs invoice, and pro forma invoice. Also called a bill of sale or contract of sale.



    Posted by: Mahesh.N    

    Contact Mahesh.N Contact Mahesh.N

    A nonnegotiable commercial instrument issued by a seller to a buyer. It identifies both the trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts (if any), and delivery and payment terms.
    In certain cases (especially when it is signed by the seller or seller's agent), an invoice serves as a demand for payment and becomes a document of title when paid in full. Types of invoice include commercial invoice, consular invoice, customs invoice, and pro forma invoice. Also called a bill of sale or contract of sale.



    Posted by: Mahesh.N    

    Contact Mahesh.N Contact Mahesh.N

    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: BALU ANKUSH DEVKATE    

    Contact BALU ANKUSH DEVKATE Contact BALU ANKUSH DEVKATE

    Invoice is nothing but the bill which contains the information of the Date, place and the Bill no or the invoice no, Consinee address and the consiger address with the information of the prices for the quantity. From the Accounts Payable side the invoice is called vendor invoice and From the Accounts Receivable side it is called the cutomer invoice.



    Posted by: Kanniappan.M    

    Contact Kanniappan.M Contact Kanniappan.M

    In short the Invoice is the bill for the service. From AP side it is called the vendor invoice and Form the AR side it is called the Customer invoice.



    Posted by: Kanniappan.M    

    Contact Kanniappan.M Contact Kanniappan.M

    INVOICE IS A CERTIFICATE/EVIDENCE FOR SELLING & BUYING. IT IS A FIRST STEP IN ACCOUNTS FOR PURCHASE OR SALES ENTRY




    Posted by: AJIT KAMMAR    

    Contact AJIT KAMMAR Contact AJIT KAMMAR

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