Unit 5
Accounting and Finance Foundations Unit 5: Accounting Terminology 418
Accounting Terminology
Invoice: A form describing the goods or services sold, the quantity, and the price. When a service is sold
on account, the seller prepares a form showing information about the sale. An invoice used as a source
document for recording a sale on account is called a sales invoice. A sales invoice is prepared in duplicate.
The original is given to the customer. Sales invoices are pre-numbered in sequence to help account for all
sales invoices.
Chapter 15
Student Guide
The Coffee Roasting Company
Sales Invoice 987 Campus Lane No: 95416
Corvallis, OR 97331
Bill To: MonCaf
Montreux Cafe
500 Perdue Avenue
Portland, OR 97201
Corresponding Documents
Sales
Order
Number
Shipment
Number
for SO
Bill of
Lading
Number
404 1 405
Date of Invoice 14-Apr-12
Coffee Mix Name Mix
Code
Mix
Type
Quantity
Sold
Price per
Pound
Extended
Price
Columbian Dark CD-3 Reg 400 $6.10 $2,440.00
House Special HS-3 Decaf 350 $7.40 $2,590.00
Vienna Roast VR-3 Reg 450 $6.40 $2,880.00
SubTotals 1,200 $7,910.00
Freight: $395.50
Total Payment $8,305.50
Lesson 15.1 Source Documents (cont’d)