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An invoice is a time-stamped commercial document that itemizes and records a transaction between a buyer and a seller. If goods or services were purchased on credit, the invoice usually specifies the terms of the deal and provides information on the available methods of payment.

What is Invoice?

invoice

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What is the uses of invoice?

To request timely payment from clients. To keep track of sales. To track inventory, for businesses selling products. To forecast future sales using historical data. To record business revenue for tax filings.

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The sales journal is used to record all of the company sales on credit. Most often these sales are made up of inventory sales or other merchandise sales. Notice that only credit sales of inventory and merchandise items are recorded in the sales journal. Cash sales of inventory are recorded in the cash receipts journal. Both cash and credit sales of non-inventory or merchandise are recorded in the general journal.

Sales Journal

Purchase Journal

Any transaction entered into the purchases journal involves a credit to the accounts payable account and a debit to the expense or asset account to which a purchase relates. For example, the debit relating to a purchase of office supplies would be to the supplies expense account. The journal also includes the recordation date, the name of the supplier being paid, a source document reference, and the invoice number. Optional additions to this basic set of information are the payment due date and authorizing purchase order number.

Any transaction entered into the purchases journal involves a credit to the accounts payable account and a debit to the expense or asset account to which a purchase relates. For example, the debit relating to a purchase of office supplies would be to the supplies expense account. The journal also includes the recordation date, the name of the supplier being paid, a source document reference, and the invoice number. Optional additions to this basic set of information are the payment due date and authorizing purchase order number.

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INVOICE Abu Confectionery (M) Sdn Bhd Lot 1584 Biskut Industry Estate 43950 Sungai Pelek,Malaysia

Items Code Particulars Quantity Price per unit Total amount 110 Abu Instant Rice Chicken Flavour 20 RM14.00 RM280.00 111 Abu Instant Rice Prawn Flavour 10 RM15.00 RM130.00 112 Abu Instant Rice curry Flavour 15 RM13.00 RM195.00 113 Abu Instant Rice Tom yam Flavour 15 RM13.00 RM210.00 RM 815.00

NO:IN6969

Purchase Journal

Date Accounts Invoice No. Folio Amount 9/10/2021 Abu Confectionery (M) Sdn.Bhd IN6969 RM 815.00 31/10/2021 Purchase account RM 815.00

TO: Ali Warehouse Enterprise 24,lorong bunga-bunga 31350 Ipoh, Perak

Date: 9/10/2021 Ship Date: 9/10/2021 Discount term: 2/10 n,30 Customer’s order no: NN86

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Item Code Particulars Quantity Price Per Unit (RM) Total Amount(RM) 312 Vinoth Basmath Rice 5kg 15 RM56.00 RM854.00 315 Sally Basmath Rice 5kg 15 RM45.00 RM677.00 319 Amirah Basmath Rice 5kg 15 RM35.00 RM523.00 RM2054.00

INVOICE Ali Warehouse Enterpise 24,lorong bunga-bunga 31350 Ipoh,Perak

Prepared By : Ali

Date Accounts Invoice No. Folio Amount 19/10/2021 Ali Advance Ltd NO: 1009 RM 2054.00 31/10/2021 Sales Account RM 2054.00

Sales Journal

NO : 1009

Date: 19/10/2021 Ship Date: 19/10/2021 Discount terms: 1/10 ,n30 Customer’s order no: 0987

TO: Amir Advance Ltd 8 Jalan Lama 10020 Klang , Selangor