Invoice Circuit Flashcards
1
Q
What is an invoice circuit?
A
The process of creating, verifying, and managing invoices in trade transactions.
2
Q
What is included in a commercial invoice?
A
Details of goods, terms of sale, payment information, and customs declarations
3
Q
What is the purpose of a proforma invoice?
A
To provide an estimated cost before the final commercial invoice is issued.
4
Q
What is the significance of invoice verification?
A
Ensures accuracy, compliance with contracts, and prevents disputes or delays.
