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What is proforma invoice.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2014 what is proforma invoice and when it is issue and what is its uses.
thanks in advance
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CA Jitender Sharma

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CA Jitender Sharma (Expert)
04 June 2014 A "sales quote" is prepared in the form of a pro forma invoice which is different from a commercial invoice. It is used to create a sale and is sent in advance of the commercial invoice. The content of a pro forma invoice is almost identical to a commercial invoice and is usually considered a binding agreement although the price may change in advance of the final sale.
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