Distinguish Between Proforma Invoice And Invoice - Comparison

is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 1. Meaning ↓


Proforma Invoice is a quotation given in the form of invoice.

Invoice is a bill of a sale transaction showing the amount to be paid by the buyer.

is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison

is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 2. When Sent?


Proforma Invoice is sent at the request of the buyer before he places the order.

Invoice is sent after the goods being despatched by the seller.


is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 3. Purpose ↓


Proforma Invoice enables buyer to decide whether to place the order or not.

Invoice helps the buyer to know the exact amount due by him to the seller.


is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 4. Legality ↓


Proforma Invoice does not have any legal validity.

Invoice is a legal document, and can be produced in the court.


is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 5. Entries in the Books of Account ↓


Under Proforma Invoice, there is no question of passing entries in the books of account.

Invoice provides a basis for recording entries in the books of account.


is a bill of a sale transaction showing the amount to be paid by the Distinguish Between Proforma Invoice and Invoice - Comparison 6. Buyer's Responsibility ↓


The buyer is not bound by a proforma invoice to place an order or to some other thing.

The buyer is bound to make payment as per the invoice.

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