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Q.

What is the difference between a Quotation and a Proforma Invoice ?

Tags: invoice, quotation, law & legal
Asked by Joseph Chacko, 28 Feb '13 06:10 pm
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Answers (9)

1.

Quotation is the preliminary prices with terms and conditions submitted or introduced to the customer, once quotation approved then a proforma invoice is issued and signed by the customer.
Answered by LIPSIKA, 28 Feb '13 06:36 pm

 
  
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2.

Quotation is a price given by a seller for his product which could be negotiated for price delivery, date or after service agreements etc., when the buyer and the seller agrees on all terms and conditions a proforma invoice is issued by the seller. After the buyer agrees on the terms given by the seller he signs on the proforma invoice and gives it to the seller. When the seller gets the money or ships the goods to the buyer as per proforma invoice, the seller issues a document called the invoice as proof of shipment or delivery of goods and receipt of payment.
Answered by vedprakash sharma, 28 Feb '13 11:42 pm

 
  
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3.

Quotation is given before Placement of order
Proforma Invoice is raising bills as per the terms of the Purchase order
Answered by truth exposed, 28 Feb '13 08:03 pm

 
  
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4.

Quotation : Basic Rates with all conditions for quoted rates along with your terms to deal with.
Performa Invoice : Indicate total of nett cost for a particular quantity as per Quoted price.........ji
Answered by Dhuni, 28 Feb '13 06:53 pm

 
  
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5.

Quotation is response of Supplier given against the Enquiry floated by the buyer. For any requirement, Buyer floats an enquiry, collects minimum 3 quotations or more, compare the prices andspecifications and then decides on whom the purchase order is to be made. Proforma invoice is raised by the Supplier on the buyer once the material is ready for despatch so that the buyer can make the payment ready for the purchase. Once the material is received, payment is released.
Answered by M Shankar, 28 Feb '13 06:49 pm

 
  
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6.

Who pays
Answered by conviction, 28 Feb '13 06:43 pm

 
  
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7.

The former shows the rate at which the supplier is willing to supply.The later is the bill prepared by the seller n sent to the buyer ,mostly along with goods.
Answered by Damodar Biswal, 28 Feb '13 06:24 pm

 
  
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8.

Quotation mai hum rate quote krte hi or invoice bill hota hi kaam k baad ka
Answered by wenz, 28 Feb '13 06:12 pm

 
  
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