Which term describes an itemized listing of goods or services sold to a buyer?

Which term describes an itemized listing of goods or services sold to a buyer?

• A. Invention
• B. Invoice
• C. Invest
• D. Inventory

Answer: (B)

An invoice is a document that lists the exact items or services provided, along with quantities, unit prices, and the total amount due. It serves as a request for payment from the buyer and records the sale for the seller’s accounts receivable. The itemized format helps both sides verify what was purchased and at what price, and it often includes dates, payment terms, and the involved parties. This distinguishes it from other terms: invention is a new creation, invest means to allocate money to earn returns, and inventory refers to goods the business currently holds in stock rather than a bill sent to a customer.

An invoice is a document that lists the exact items or services provided, along with quantities, unit prices, and the total amount due. It serves as a request for payment from the buyer and records the sale for the seller’s accounts receivable. The itemized format helps both sides verify what was purchased and at what price, and it often includes dates, payment terms, and the involved parties. This distinguishes it from other terms: invention is a new creation, invest means to allocate money to earn returns, and inventory refers to goods the business currently holds in stock rather than a bill sent to a customer.