Invoices Knowledge Check

What is the definition of an invoice?

• An invoice is a time-stamped commercial document that itemizes and records a transaction between a buyer and a seller.

• An invoice is a document that has on numbers that involves using a calculator

• An invoice is a paper that shows you what you bought without telling you how much to pay for it.

• An invoice is a statement for the sum of money to be used for a list of goods sent or services provided.

• None of these.

The invoice consists of how many parts?

• 3

• 5

• 4

• 2

What are the names of the parts of the invoice?

• The Body, The End, The Starter, The Calculation, The Letterhead

• The Header, The Body, The Footer

• The Letterhead, The Middle, The Bottom

• The Header, The Middle, The End, The Calculation

What are the components of the letterhead?

• Business Name, Business Address

• Business Name, Business Address, Business Email Address

• Business Name, Business Address, Business Email Address, Business Telephone Number

• None of these

What is the correct order to write the components in the letterhead ?

• Business Name, Business Telephone Number, Business Address, Business Email Address,

• Business Email Address, Business Name, Business Address, Business Telephone Number

• Business Name, Business Address, Business Email Address, Business Telephone Number

• Business Name, Business Address, Business Telephone Number, Business Email Address

What are the Payment Terms?

• Payment terms are what you use to state how much money is on the bill.

• Payment terms are what you use to clearly communicate when a payment is expected

• Payment terms are what you use to help businesses receive payments on a predictable schedule.

• Payment terms are what you use to clearly communicate the amount of items you can have on the bill.

What are the components in the body of the invoice?

• The items, The letterhead, The invoice date

• Quantity, Description, Unit Price and Amount

• Quantity, Amount, Unit Price, Invoice number

• Description, The letterhead, Quantity, Price

How do you calculate the amount?

• Subtract the quantity from the unit price

• Divide the unit price by the quantity

• Add the quantities together

• Multiply the quantity by the unit price