Episode 3 — Financial Documents

Invoices

Learners will be able to:

- Identify the main difference between a quotation and an invoice. - Explain why businesses issue invoices to their clients. - Describe the purpose of an invoice in ensuring payment from clients. - Calculate the total cost of goods or services by adding VAT to the subtotal. - Determine whether prices include VAT based on the calculation of the total amount before and after adding VAT. - Calculate the percentage of VAT charged on a given total.