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JAMB Commerce 2000 Question 16

Question 16

Purchase and Sale of Goods

An invoice can be described as a

  1. A.contractual agreement for the sale of goods
  2. B.document specifying quantity, description, prices and total value of purchases
  3. C.receipt containing necessary information about the goods
  4. D.letter specifying the contractual sales of goods between two parties.
Show the answer and explanation

Answer: B (document specifying quantity, description, prices and total value of purchases)

Explanation

An invoice is the seller's bill showing quantity, description, prices and total value.