Invoice

Credit Note
A Credit Note is a financial document issued by a seller that reduces the amount payable by a customer, typically issued when goods are returned or an overcharge needs correction.
FOB (Free On Board)
A transportation term indicating that the price includes delivery at the seller's expense to a specified point and no further.
Invoice
An invoice is a detailed bill sent from a seller to a buyer, outlining the products or services provided, prices, payment terms, and due dates.
Proforma Invoice
An estimate or 'sample invoice' provided by a seller to a buyer in certain circumstances, serving as a preliminary bill of sale before the details are finalized, often used in international trade and shipments.
Receipt, Receipt Book
Details about the functionalities and importance of receipts and receipt books typically used in business transactions to provide proof of payment and maintain records.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.