Question 18
Purchase and Sale of GoodsUse the following document to answer Questions 18 and 19:
A. B and Sons Ltd.
Aba, Nigeria
20th October, 1986
AVO Ire Youths Ltd
27 Amadi Road,
Accra Ghana.
Bought of Avo Ire Youths Ltd
Order No 131 — Carriage paid
100 cartons of baby powder at N10 a carton — N1,000.00
200 pairs of lady shoes at N15 a pair — N3,000.00
Total — N4,000.00
E & O. E
Terms 2½% one month
The above trade document is called
- A.an order
- B.a standing order
- C.a debit note
- D.an invoice
- E.a catalogue
Show the answer and explanation
Answer: D (an invoice)
Explanation
'Bought of…' with goods, prices, total, E & O E and terms of payment is an invoice from the seller.