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What is the source document used to record a credit purchase?
A duplicate tax invoice
What is the difference between tax invoice and commercial invoice?
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
What is the difference between invoice and commercial invoice?
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
When wct tax is deducted either on advance payment or on booking of invoice?
on the book of invoice...
What is FET on a invoice?
It is Federal excise Tax
What is the source document used to record a credit purchase?
A duplicate tax invoice
What is the difference between tax invoice and commercial invoice?
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
What is the difference between invoice and commercial invoice?
A tax invoice is usually issued to an individual and would include the proper taxes for the service provided. A commercial invoice is issued to companies that are tax exempt.
When wct tax is deducted either on advance payment or on booking of invoice?
on the book of invoice...
What is FET on a invoice?
It is Federal excise Tax
What is the purpose of a tax invoice?
A tax invoice is needed on the businesses side of things to keep their books accurate. It helps them keep track of the taxes they have taken in from customers.
On an invoice the invoice total includes what?
On an invoice the invoice total includes subtotal+taxes & other charges if any. For eg:If invoice total is $1500 it includes Material 1000 freight 200 Tax 300
What are the documents used in Revenue and receipt cycle?
Tax Invoice
What information should an invoice include?
Invoice number, invoice date, description of product or services sold, Sales order number (Accounts receivable), or Purchase order nuber (AP), customer against whom the invoice is raised, Tax/VAT - value added tax, Name of the company who is raising the invoice, the bill to address, delivery address, payment terms (optional) etc
What is purpose of invoice?
It is a documentary evidence for the completion of a Transaction against which the payment is made by the buyer and keeps that invoice for future reference and to present it to Tax Department.. It is necessary that an invoice should be generated against every transaction. It is required by the Tax Levying authorities too.
What is the source document used for a credit purchase?
The original of tax invoice
How long you have to keep tax invoice for tax purposes?
For 7 years in some countries and up to 10 in others.
