Sales Glossary

Sales-related terms covering invoicing, quotations, returns, discounts, and billing used in Indian business transactions.

10 terms
InventoryAccountingSalesPurchaseGSTManufacturingAll Terms
Credit Note / Sales ReturnA document issued when goods are returned by the buyerDelivery ChallanA document for transporting goods without a sales invoiceDiscount (Trade & Cash)A reduction in the price of goods offered to buyers at the time of sale or for early paymentItem Price ListA list of all products with their selling/purchase pricesMRP (Maximum Retail Price)The maximum selling price printed on packaged goods in IndiaProforma InvoiceA preliminary invoice sent before delivery of goods or servicesQuotation / Price EstimateA formal offer stating the price and terms for goods or servicesSales Invoice / BillA document issued to a buyer recording a sale transactionSales OrderA confirmed order from a customer to supply goods or servicesSales ReturnGoods returned by a buyer to the seller, documented via a credit note

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