What type of document is used to request payment for goods or services provided?Group of answer choicesInvoiceReceiptContractBusiness Report
Question
What type of document is used to request payment for goods or services provided?
- Invoice
- Receipt
- Contract
- Business Report
Solution
Break Down the Problem
- Identify the purpose of each document option provided.
- Determine which document specifically relates to requesting payment.
Relevant Concepts
- Invoice: A document that itemizes and records a transaction between a buyer and a seller, showing the goods or services provided and the amount due for payment.
- Receipt: A document acknowledging that payment has been received for goods or services.
- Contract: A legal agreement that outlines the terms of a business transaction, but not specifically for requesting payment.
- Business Report: A document providing information about a business's performance, operations, or market research, not specifically for requesting payment.
Analysis and Detail
- Invoice: It is issued before payment is made, detailing what goods or services were provided and the amount due.
- Receipt: This is provided after payment is made to confirm that payment has been received; hence it is not used to request payment.
- Contract: While it may contain payment terms, it is not directly used to request payment.
- Business Report: Primarily used for analysis and reporting, not for requesting payments.
Verify and Summarize
The document used to specifically request payment for goods or services is the Invoice. It clearly outlines what is owed by the client or customer.
Final Answer
Invoice is the correct answer, as it is the document that requests payment for goods or services provided.
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