The document that is an itemized statement of goods prepared by a vendor listing the customer's name, items sold, sales prices, and terms of the sale is the
A) Purchase requisition.
B) Purchase order.
C) Invoice.
D) Receiving report.
E) Invoice approval.

Question

Quizplus · Accepted Answer

An invoice is a document that lists the items sold to a customer by a vendor along with sales prices, terms of the sale, and the customer's name. It is an itemized statement of goods prepared by the vendor. A purchase requisition is a document used by an organization to request goods or services, a purchase order is a document used to authorize the purchase of goods or services, a receiving report is a document used to verify that goods or services have been received as ordered, and invoice approval is the process of reviewing and authorizing payment for a received invoice.

The Document That Is an Itemized Statement of Goods Prepared