An invoice is

An invoice is

• A. A form to get approval before making the purchase
• B. A receipt after payment
• C. List of goods shipped, including the price and terms of sale
• D. A request for credit terms

Answer: (C)

An invoice is the seller’s bill that lists what was shipped or provided, the quantities, prices, any taxes or discounts, the total amount due, and the payment terms. It serves as a request for payment and as a record for both sides’ accounts—showing what was delivered and what the buyer owes by a certain date. This is different from a form used to approve a purchase before it happens, from a receipt that confirms payment has been made, or from a request to establish credit terms; those serve other purposes in the purchasing process.

An invoice is the seller’s bill that lists what was shipped or provided, the quantities, prices, any taxes or discounts, the total amount due, and the payment terms. It serves as a request for payment and as a record for both sides’ accounts—showing what was delivered and what the buyer owes by a certain date. This is different from a form used to approve a purchase before it happens, from a receipt that confirms payment has been made, or from a request to establish credit terms; those serve other purposes in the purchasing process.