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LSDefine
Simple English definitions for legal terms
sales invoice
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A quick definition of sales invoice:
A sales invoice is a document that shows the details of a purchase or sale. It includes information like the price and quantity of the merchandise being bought or sold. It's like a bill that a seller gives to a buyer to show what they are paying for. Sometimes, there is also a special kind of invoice called a consular invoice that helps goods get through customs more quickly. This kind of invoice has been checked by a consul to make sure the shipment is correct.
A more thorough explanation:
A sales invoice is a document that shows the details of a purchase or sale, including the price and quantity of merchandise. It is an itemized list of goods or services provided by a seller to a buyer, usually specifying the terms of sale and the amount owed.
- When you buy a new phone from a store, you will receive a sales invoice that shows the price of the phone, any taxes or fees, and the total amount due.
- If you sell handmade crafts online, you will need to create a sales invoice for each order you receive, showing the items purchased, the price, and any shipping costs.
These examples illustrate how a sales invoice is used to document a transaction between a buyer and a seller. It provides a record of what was purchased, how much it cost, and when the payment is due.