lawyer module 1 e invoicing quiz

What is an E-invoice?

• A paper document

• A digital representation of transactions

• A handwritten note

• A physical receipt.

E-Invoice helps in reducing ________.

• manual processes

• taxation forms

• operational efficiency

• financial reporting.

E-Invoice digitizes ________.

• manual processes

• taxation forms

• tax and financial reporting

• operational efficiency.

Taxpayers can opt to voluntarily participate in the implementation of e-invoice at an earlier date, regardless of their ______.

• annual turnover

• expenses

• revenue and expenses

• none of the above

Why is e-invoicing becoming essential for law firms?

• Regulatory compliance

• Efficiency improvements

• Financial accuracy

• All of the above.

What is one of the benefits of adopting e-invoicing technology for law firms?

• Increased paperwork

• Financial accuracy

• Slower processes

• Higher costs

Which of the following is NOT a reason for law firms to adopt e-invoicing?

• Regulatory compliance

• Efficiency improvements

• Financial accuracy

• Increased manual errors

What is the purpose of mandating e-invoicing by many governments?

• To increase sales

• To improve tax compliance

• To reduce employment

• To enhance customer service

What is a challenge that might be faced when implementing e-invoicing in law firms?

• Improved accuracy

• to manage invoice between trust and operation account

• Reduced efficiency

• Increased transparency