Invoice
Invoice is a formal document sent to a customer requesting payment for goods or services provided. It details the amount owed, payment terms, due date, and description of the transaction. Invoices are key for accounts receivable, cash flow tracking, and legal proof of sale.
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Inventory Turnover Ratio
The inventory turnover ratio measures how efficiently a company manages its inventory by comparing cost of goods sold to average…
Intercompany Transactions
These are transactions that occur between entities within the same corporate group, such as sales, loans, or service charges. They…
Input Tax Credit (ITC)
Input tax credit allows businesses to claim credit for the GST paid on purchases used for business operations. It reduces…
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