JAMB - Commerce (2021 - No. 31)
A proforma invoice is not required when
quoting for the supply of good
dealing regularly with a customer
goods are sent on approval
final prices are uncertain
Explanation
A proforma invoice is a preliminary bill or estimated invoice which is sent to a buyer by the seller, requesting payment from the committed buyer for goods or services before they are supplied.
When a seller deals with a particular buyer repeatedly, over time, the seller may not necessarily need to send the proforma invoice for the transaction to take place.
Comments (0)
