Topic Content:
- Procedures for Preparing Bills
- Procedures for Preparing Invoices
- Procedures for Preparing Receipts
Invoice:
An invoice is issued by the seller when goods are sold to customers. It shows the quantity, description of the goods, unit price, total amount owed, and terms of sales. An invoice is sent from the biller to the client, in hopes of being paid within a certain amount of time.
From the invoice, the following can be extracted:
1. Name and Address of the seller/supplier.
2. Name and address of the buyers /customers.
3. The date of the transaction.
4. The serial number of the invoice.
5. The quantity of goods supplied.
6. The description of goods supplied.
7. The unit price of goods.
8. The total amount of goods supplied.
9. The terms of sales.
10. Signature of the customer and supplier.
Bill:
When goods are supplied or services rendered, the customer is expected to make payment. Before payment is made, the customer is given a bill, to indicate the amount he owes, for the goods supplied or services rendered.
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It is helpful
pls i have a question what is the difference between an invoice an a receipt
A invoice is a bill issued by the seller when goods are sold to customer
A receipt is an evidence that payment has expired made for goods and services, while an invoice is a document prepared by the seller to show the description of items sold and the total amount a buyer is expected to pay
Kofa study is good and very helpful especially to new teachers with little or no experience in the subject. please keep the good work up.
Office procedures is a set of rules and system that an organization follow to run its affairs
its was helpful