Accounting JAMB

Th major feature of an invoice is that; it?

A. passes information through the sales day book
B. has cash and bank column
C. specifies the particular of goods bought
D. indicates only the cash sales

Correct Answer:

Option C – specifies the particular of goods bought

Explanation

Essential Elements Each Invoice Must Include

  • The word Invoice.
  • Seller’s name and address, contact details and company registration number.
  • Buyers name and address.
  • Date: invoice issue date, payment due date, delivery date.
  • A unique invoice reference number.
  • Description of goods
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