BILL of Purchase a.k.a “BILL”: 

Sometimes we go to the market to buy various items like potatoes, fruits, vegetables, clothes etc.  in different quantity. The shopkeeper gives us articles and we make the payment to him of the total cost of these articles. The shopkeeper keeps a record of the articles we purchase. 

Whenever we buy something, the shopkeeper gives us a  
slip of paper on which he/shenotes down the requirements of the customer or buyer and calculates the total cost of items purchased. This statement or the slip of paper is called a “BILL OF PURCHASE” 

For example, your grocery purchased from a local grocery shop and shopkeeper delivers you all the groceries and gives you a total cost of your purchase and Your “BILL of Purchase”  amounts to a total of $ 199.50 

The customer reads the “Bill of Purchase” carefully. He also checks the total amount shown in the itemized statement (a.k.a) “Bill of Purchase” 

In our daily life, we receive a variety of Bills of purchase, for example for telephone, cooking gas, electricity etc.  

A Bill of Purchase lets the customer check the shopkeeper’s calculations and verify if he/she is getting the required quantities at the price listed. 

Uses of Bill of Purchase  

1. A shopkeeper can keep a track on the day sales. 

2. The customer can cross check the prices items purchased and their total cost. 

3. In case of any problem, the customer can change the item easily by showing the bill. 

Format of a Blank Bill of Purchase 

Let us look at few examples to understand the making of a Bill of Purchase better- 

Solution: 

Preparing a Bill of Purchase: 

Check the steps: 

(i) Write the name of the shop, its location, phone number, date of purchase of item. 

(ii) Make 5 columns:  Item number, name of the article, its quantity, rate of each article and the amount of the article. 

(iii) Enter the name of item, rate and quantity in bill. 

(iv) We can calculate the amount for each item by multiplying the rate by quantity. 

(v) We find the total cost of item purchased. 

Thus, the Bill of Purchase is prepared as under 

Example 2. Check the correctness of the following bill of purchase: 

Ron purchased some vegetables from ABC Store, G.t. Road, Aligarh. The bill given by store is shown below: 

Solution:  

Checking the correctness of the bill: 

1. Cost of 10 kg of potatoes @ $ 2.00 = 10 × 2 = $ 20.00 

2. Cost of 5 kg of onion @ $ 3.00 = 5 × 3 = $ 15.00 

3. Cost of 5 kg of beans @ $ 15.00 = 5 × 15 = $ 75.00 

4. Cost of 10 kg of carrot @ $ 3.00 = 10 × 3 = $ 30.00 

         Total = $ 140.00 

Therefore, the mistakes in the bill are: 

(a) At S. No. 2, the correct amount is $ 15.00 

(b) At S. No. 4, the correct amount is $ 30.00 

(c) In total the correct amount is $ 140.00 

Various Definitions of Bill :  

The Term Bill is used interchangeable in various contexts. A user has to keep in mind what is being discussed and the context to drive a meaningful deduction from the word “bill” 

For example: