Give two differences between invoice and proforma invoice? – InterviewSolution

1.

Give two differences between invoice and proforma invoice?

Answer»

Base of Difference	Invoice	Proforma Invoice
Transfer of ownership	Here ownership of goods is transferred to purchaser.	Here ownership of goods is not transferred from consignor to consignee.
Statement of Goods	This is a statement letter of sold goods to purchaser by seller.	This is a statement letter of goods sent by consignor to consignee.

Discussion

No Comment Found

Related InterviewSolutions

The consignor is the ................
Give two differences between invoice and proforma invoice?
What are the difference between invoice and proforma invoice?
An agent is entitled to get delcredere commission, what entry he will pass, if bad debts due to credit sales occurs?
What is the difference between delcredere commission and additional commission?
Vivek paid to Bhavesh 5% general commission on sales and 2.5% delcredere commission. Bhavesh sold goods worth Rs 60,000 including Rs 40,000 on credit sales. What amount of commission Bhavesh will received?
What is the nature of consignment account?(a) Real account(b) Personal account(c) Nominal account(d) Agent account
What do you mean by consignment? Explain with example about various types of commission given to consignee.
If consignee is not entitled for delcredere commission and Rs 1,500 due to debtors become bad-debts, what entry will be passed in the books of consignor for such bad-debts?
What are the difference between consignment and sales?