Glossary

Line item or data

Last modified on: 31/08/2022 22:14

is usually the bulk of the body section of an invoice which is made up by line items. Line items name or describe the individual or groups (items) of goods sold or services rendered, the cost per unit or hourly rate, the number of units bought or hours billed, and the total due for that item.  An invoice can contain as many line items as is applicable — individual goods or services do not require separate invoices, provided that they appear on separate lines.

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Loans or Advances against receivables

Last modified on: 31/08/2022 22:14

financing made available to a party involved in a supply chain on the expectation of repayment from funds generated from current or future trade receivables and is usually made against the security of such receivables, but may be unsecured.

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