COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money laundering
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Credit
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Invoice
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Tax
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Detailed explanation-1: -An invoice is an itemized statement of the money that’s owed for goods or services.
Detailed explanation-2: -An itemized bill is a piece of paper which you are given before you pay for goods or services, listing the cost of each item purchased rather than just the total cost.
Detailed explanation-3: -An invoice is an itemized bill issued to a customer that requests payment for goods or services, specifies payment terms, and typically opens an account receivable between a buyer and seller.
Detailed explanation-4: -Technically, an invoice is known as an itemized bill for goods sold or services provided, containing individual prices, the total charge, and the payment terms, according to Merriam-Webster’s Dictionary.