All of the following statements regarding a sales invoice are except:
A) A sales invoice is a type of source document.
B) A sales invoice is used by sellers to record the sale.
C) A sales invoice is used by buyers to record purchases.
D) A sales invoice gives rise to an entry in the accounting process.
E) A sales invoice does not provide objective evidence about a transaction.

Question

Quizplus · Accepted Answer

A sales invoice serves as objective evidence of a transaction, detailing the goods or services sold, their prices, and the terms of sale, thus contradicting statement E.

All of the Following Statements Regarding a Sales Invoice Are