BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -*An invoice used as a source document for recording a sales on account is called a sales invoice. A sales invoice is also referred to as a sales ticket or a sales slip.

Detailed explanation-2: -Sales invoices are source documents that provide a record for each sale.

Detailed explanation-3: -Sales invoice is issued by the seller to the buyer as written evidence on sale of goods or properties in an ordinary course of business, whether cash or on account (credit).

Detailed explanation-4: -For accounting, invoices are used as a source document. Invoices are primarily used for keeping track of all the sales transactions by any business organisation with its customers. It is issued by every business and professional to keep track of sales made and services provided.

Detailed explanation-5: -In the accounting industry, source documents include receipts, bills, invoices, statements, checks – i.e., anything that documents a transaction.