Asked by Veronica Krall on Jul 13, 2024
Verified
A purchase invoice is a document that
A) provides support for goods sold for cash.
B) provides evidence of operating expenses incurred.
C) provides evidence of credit purchases.
D) serves only as a customer receipt.
Purchase Invoice
A purchase invoice is a document issued by a seller to a buyer that outlines the sale transaction, including the types of products or services sold, quantities, prices, and payment terms.
- Differentiate between types of invoices and their roles in accounting.
Verified Answer
LN
Lakenya NicoleJul 14, 2024
Final Answer :
C
Explanation :
A purchase invoice is a document that provides evidence of credit purchases. It is issued by the supplier to the buyer, detailing the items purchased, their quantities, and the price agreed upon, typically for transactions made on credit.
Learning Objectives
- Differentiate between types of invoices and their roles in accounting.
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