Knowee
Questions
Features
Study Tools

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
🧐 Not the exact question you are looking for?Go ask a question

Solution

Break Down the Problem

  1. Identify the purpose of each document option provided.
  2. 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

  1. Invoice: It is issued before payment is made, detailing what goods or services were provided and the amount due.
  2. Receipt: This is provided after payment is made to confirm that payment has been received; hence it is not used to request payment.
  3. Contract: While it may contain payment terms, it is not directly used to request payment.
  4. 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.

This problem has been solved

Similar Questions

What type of document is used to request payment for goods or services provided?Group of answer choicesInvoiceReceiptContractBusiness Report

What document is provided to a customer as proof of payment received?Group of answer choicesReceiptInvoiceStatement of AccountQuotation

Which of these is not an income type item?Group of answer choicesRoyalties receivedCommission receivedFees receivedAccounts receivable

The document which is prepared after receiving and inspecting material .a.bill of material.b.inventory record.c.goods received note.d.material record note

A document to support the buyer's return of defective merchandise.Select one:a.Debit Memorandumb.Merchandisingc.Cost of Goods manufacturedd.Income Statement

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.