An invoice is a stamped document which not only shows but also records a business transaction between a seller and a buyer. Usually, goods and services are bought on cash but if they are bought on a credit basis then it must be specified on the invoice and the mode of payment must also be disclosed. Whenever a business sells or purchases anything to a customer, it needs to get payment of goods or services delivered. It does so by requesting the customers to pay the amount through invoices.
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