Tax Invoice and Record Keeping Essentials
Source Document 1 Invoice
2 Cheque
3 Bill 4 Catalogue 5 Receipt
6 Debit Note
7 Credit Note
8 Memo
9 Delivery Order
What A document that states the products, products, quantities & price for a product/service. A document that states the amount payable from the payer the payer to the payee. (Current Account) A document that states the outstanding amount. A document that lists all the prices for the products being offered. A document that serves as a proof of the payments received for the sales transaction A document that states the quantity and value of goods being returned Buyer request money to be returned/ Deficiency of payment stated in the invoice A document that states the price and quantity of goods, but the buyer returned or did not receive the goods. It reduces the amount buyer has to pay. A document that records the withdrawal of cash or goods for personal/business use or the adding of extra capital into business A document that states the type
When Credit Sales/ Credit purchase
Who Seller to buyer
When a payment is made Buyer to seller (Cash Sales) When a cash sales Seller to buyer is made When the seller is offering the products Seller to buyer When a payment is made Seller to buyer
Return of the goods on credit sales
Buyer to seller
2 Cheque
3 Bill 4 Catalogue 5 Receipt
6 Debit Note
7 Credit Note
8 Memo
9 Delivery Order
What A document that states the products, products, quantities & price for a product/service. A document that states the amount payable from the payer the payer to the payee. (Current Account) A document that states the outstanding amount. A document that lists all the prices for the products being offered. A document that serves as a proof of the payments received for the sales transaction A document that states the quantity and value of goods being returned Buyer request money to be returned/ Deficiency of payment stated in the invoice A document that states the price and quantity of goods, but the buyer returned or did not receive the goods. It reduces the amount buyer has to pay. A document that records the withdrawal of cash or goods for personal/business use or the adding of extra capital into business A document that states the type
When Credit Sales/ Credit purchase
Who Seller to buyer
When a payment is made Buyer to seller (Cash Sales) When a cash sales Seller to buyer is made When the seller is offering the products Seller to buyer When a payment is made Seller to buyer
Return of the goods on credit sales
Buyer to seller