Invoice (noun): A document issued by a seller to a buyer, detailing the goods or services provided, the quantity, the price per unit, and the total amount due.
Invoices play a crucial role in financial transactions, ensuring accurate billing, payment processing, and record-keeping. They serve as evidence of the services rendered or goods delivered, facilitating the smooth exchange of funds between parties. Historically, the concept of invoices can be traced back to ancient civilizations, where merchants used written records to document their transactions.
