INVOICE
A non-negotiable commercial document that denotes an itemized transaction between a buyer and a seller. Normally, it has the following information: items sold, price of goods and/or services, parties involved, delivery date, transport mode, invoice number, discounts (if any), and tax information. If goods or services were purchased on credit, it will usually indicates the terms of the deal and give details on the available payment methods. Also called bill, statement, contract of sale, or sales invoice.
POPULAR TERMS
Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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Fixed interest rates.
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