Question

When a good or service is purchased using credit, the purchase is

documented using a
A. purchase order
OB. sales invoice
OC. contractual agreement
OD. specification document

Answer 1

When a good or service is purchased using credit, the purchase is documented using a B. sales invoice.

A sales invoice is a document that provides a detailed description of the goods or services sold, the quantity sold, the price per unit, the total amount due, and the terms of payment, including any applicable credit terms. It serves as a legal record of the transaction and is typically issued by the seller to the buyer after the sale has been made.

Answer 2

When a good or service is purchased using credit, the purchase is documented using a sales invoice. A sales invoice is a document that details the transaction between the buyer and seller, including the description of goods or services, the price, any applicable taxes, and the terms of payment. It serves as a proof of purchase and provides important information for accounting and record-keeping purposes. While a purchase order, contractual agreement, and specification document may also be involved in the purchasing process, a sales invoice specifically documents the credit purchase transaction.

~~~Harsha~~~