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Purpose, issuer and receiver of Invoice

What is purpose of issuing invoice?

 An invoice is a commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices and discounts (if any) for products or services the seller had provided the buyer.

It shows the date of shipment and mode of transport, 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 .

Who issues invoice?

 An invoice is a commercial document issued by a seller/supplier to a buyer (sale or accounting & finance department).

Who receives invoice?

Invoice is received by Accounting and finance department or purchasing department, buyer.

Sample of Invoice

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