Invoice

It is the document issued by the seller to the buyer stating goods or services, quantity, rate, terms of sale, any taxation if any, etc. Term of sale included trade, cash and quantity discounts offered to the buyer.

What an Invoices is :

Invoices is a document used in business transactions. It is issued from the seller to the buyer. The following are the content of the invoices.

1. Seller's company name and address.
2. Date of the dispatch/shipment of the goods.
3. Receiver's (buyer's) company name and address.
4. Details of goods as brands, quality, quantity, or units, size, packing.
5. Price, rate, total amount.
6. Type of rate, F.O.B or C.I.F.
7. Commission or discount and its type, e.g trade discount, cash discount, or quantity discount. All types of discounts are deducted from the gross amount of the invoice.
8. Amount of insurance in the C.I.F.
9. In the case of foreign trade, the name of the bank through which the payment is to be made.
10. Mode of payment.
11. Term of sales.
12. Mode of delivery (railway, air, road)
13. Port of receipt.