Asked by Brittany Hoffman on Jul 25, 2024
Verified
Which of the following is the best definition of an invoice.
A) The gap between the interest rate a bank pays on deposits and the rate it charges on loans.
B) Statistical technique for distinguishing between two samples on the basis of their observed characteristics.
C) Design for inventory in which parts, raw materials, and other work-in-process are delivered exactly as needed for production. Goal is to minimize inventory.
D) Bill for goods or services provided by the seller to the purchaser.
E) The process of quantifying the probability of default when granting consumer credit.
Invoice
Bill for goods or services provided by the seller to the purchaser.
Bill
A short-term debt instrument issued by a government as a means of borrowing money with a maturity of less than a year.
Goods
Physical items that are produced, bought, or sold with the aim to satisfy the wants or needs of consumers.
- Gain awareness of various aspects of sales conditions and their pertinence.
Verified Answer
MK
Muhammad KuliyaJul 29, 2024
Final Answer :
D
Explanation :
An invoice is essentially a bill issued by a seller to the purchaser detailing the goods or services provided and requesting payment, which matches choice D.
Learning Objectives
- Gain awareness of various aspects of sales conditions and their pertinence.