Which is the best definition of an invoice?

Understanding Invoices

An invoice is a crucial document in the business world. It serves as a formal request for payment for goods or services provided. Invoices are used to track sales, monitor payments, and maintain accurate financial records. Understanding the definition of an invoice is essential for managing a successful business.

Definition of an Invoice

An invoice is a document that a business sends to a customer after work has been done and payment is due.

Explanation:

An invoice is a document that a business sends to a customer to request payment for goods or services that have been provided. The best definition of an invoice is option B: It is what you send a customer when work has been done and payment is due. This means that the invoice is sent after the completion of the work or delivery of the goods, indicating the amount owed and the payment terms. For example, if a plumber fixes a leak in a customer's house, they will send an invoice to the customer indicating the cost of the service and specifying when the payment is due. Which is the best definition of an invoice?

A. what you send a customer when they pay you
B. What you send a customer when work has been done and payment is due
C. It's a legal document you send when payment is overdue

Final answer:

An invoice is a document that a business sends to a customer after work has been done and payment is due.

← Calculate returns on abc stock price and dividend history How to improve customer satisfaction using crm data →

More Posts: