All of the following statements regarding a sales invoice are True 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 provides objective evidence about a transaction as it details the sale and serves as proof of the transaction between the buyer and seller.

All of the Following Statements Regarding a Sales Invoice Are