Invoice
An invoice requests payment and documents a sale, normally showing the parties, goods or services, amount and applicable tax. Invoices support the entries in a sales or purchases day book and the customer's or supplier's ledger. The business checks quantities, prices and tax before recording them, and a later credit note can correct an overcharge or return. The invoice is evidence of the amount billed, subject to checking and correction.
Worked example
A supplier invoices 600 for goods supplied on credit.
Common mistake
An order is not an invoice and does not itself establish that a sale has occurred.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Direct | July 2027–August 2028 |
| ACCA | F2 | Direct | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Direct | July 2027–August 2028 |
| CIMA | BA3 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
