Invoices and Statements Quiz

An invoice is primarily used to record transactions in trading.

• True

• False

An invoice does not provide details about the terms of sale.

• True

• False

An invoice can include information about what has been bought or sold.

• True

• False

An invoice must always be accompanied by a covering letter or email.

• True

• False

Invoices request payment and also serve as transaction records.

• True

• False

What is an invoice?

A pro forma invoice is used when the customer has to ________ for the goods in advance.

• Ship

• Pre-pay

• Return

• Approve

A pro forma invoice is stamped with the words ________ on it.

• Paid in Full

• Approved

• Pro Forma

• Invoice Copy

The pro forma invoice can serve as a ________ document.

• Insurance

• Customs

• Bank

• Purchase

If goods are sent on ________, a pro forma invoice may be used.

• Pre-payment

• Consignment

• Credit

• Guarantee