Invoice example sentences
This source is expensive when the invoices are numerous and smaller in amount; The advance finance provided by the factor firm is generally available at a higher interest cost than the usual rate of interest.For payment, any document, invoice, bill, receipt, etc.The terms of trade credit vary from one industry to another and are specified on the invoice.Trade discount and other details of the invoice need not be recorded in this book.The information provided in the shipment advice includes details such as invoice number, bill of lading/airways bill number and date, name of the vessel with date, the port of export, description of goods and quantity, and the date of sailing of vessel.To ascertain profit or loss or for obtaining any other information, necessary figureures can be collected only from the original vouchers such as sales invoice or purchase invoice, etc.Cost (also known as original cost or historical cost) of an asset includes invoice price and other costs, which are necessary to put the asset in use or working condition.The exporter, therefore, has to apply to the concerned Excise Commissioner in the region with an invoice.Having selected an export firm, the importer asks the exporter to send him/her a formal quotation — called proforma invoice.A proforma invoice is a document that contains details as to the quality, grade, design, size, weight and price of the export product, and the terms and conditions on which their export will take place.For example, the transaction for the purchase of materials may be supported by the cash receipt for the money paid, if the same is purchased on cash or copy of invoice and delivery challan, if the same is purchased on credit.Business transactions are usually evidenced by an appropriate documents such as Cash memo, Invoice, Sales bill, Pay-in-slip, Cheque, Salary slip, etc.The source documents for recording entries in the book are invoices or bills received by the firm from the supplies of the goods.On the other hand, the factor assumes the entire credit risk under non-recourse factoring i.e., full amount of invoice is paid to the client in the event of the debt becoming bad.The set of documents normally contains bill of exchange, commercial invoice, bill of lading/airway bill, packing list, certificate of origin, marine insurance policy, etc.
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