hi,
The process of sending accounts to customers for goods or services is called billing. The document used is called an invoice. The invoice may be attached to the goods or forwarded separately.
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An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms.
From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).
Edited by: MANI ROOPA SD/MM on Apr 18, 2008 11:48 AM
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