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JAMB 2010

Th major feature of an invoice is that, it?

  1. Apasses information through the sales day book
  2. Bhas cash and bank column
  3. Cspecifies the particular of goods bought
  4. Dindicates only the cash sales

Explanation

An invoice is the primary source document for recording credit sales. Its major accounting feature is to provide the necessary information for entries in the sales day book (also known as the sales journal), which is the book of original entry for all credit sales. While an invoice also specifies the particulars of goods bought (Option C), its role in initiating the accounting recording process for credit transactions is a fundamental feature from an accounting principles perspective. Options B and D are incorrect descriptions of an invoice.

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