Question

You may record the sale of more than one item on both invoices and sales receipts.

a) True
b) False

Answer 1

False. Invoices and sales receipts can record the sale of multiple items, but they are used for different types of transactions.

Step-by-step explanation:

False.

While both invoices and sales receipts can record the sale of multiple items, invoices are typically used for credit sales where payment is expected at a later date, while sales receipts are generated for cash sales where payment is received immediately.

For example, if a customer purchases three items and pays for them immediately, a sales receipt would be generated indicating the details of all three items. However, if the customer chooses to pay at a later date, an invoice would be generated listing the three items and the total amount due.