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What is the difference between quotation and proforma invoice?

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Question added by Chaithanya V
Date Posted: 2018/09/15
Muhammed Sadique  Thalekunnath Chalakkandi
by Muhammed Sadique Thalekunnath Chalakkandi , Chief Accountant , Drench Trading

pro forma invoice differs from a simple price quotation because it is a binding agreement, although the terms of sale are subject to change. ... Most pro forma invoices provide the buyer with a precise sale price. It includes an estimate of any commissions or fees, such as applicable taxes or shipping costs.

 

 

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