_________ may be used for several purposes including as a quotation or to give details and prices of goods being sent on approval.

Proforma Invoice

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Statement of Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Invoice

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Credit/Debit Notes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Proforma Invoice
A proforma invoice is a document sent to a buyer in certain circumstances - usually before all invoice details are known.
An abridged or estimated invoice sent by a seller to a buyer in advance of a shipment or delivery of goods. Proforma invoices are commonly used as preliminary invoices with a quotation, or for customs purposes in importation. They differ from a normal invoice in not being a demand or request for payment.

Suggest Corrections

Similar questions

Q. A debit note issued to a creditor for goods returned by us is to be recorded in the __________.

Q. _______ is a document giving full details of goods being sold and may treated as document showing title by the buyer.

Q. It is a document giving full details of goods being shipped, prepared by the exporter and sent to the importer.

The realisation concept determines when goods sent on credit to customers are to be included in the sales figure, for the purpose of computing the profit or loss for the accounting period. Which of the following tends to be used in practice to determine when to include a transaction in the sales figure for the period? When the goods have been

(a) despatched (b) invoiced

Give reasons for your answer.

Q. A debit note for 20,000 issued to Mr. Z for goods returned by us is to be accounted for in ______________.

Join BYJU'S Learning Program