What is a document that details the cost of goods and services received called?

The correct answer is referred to as an invoice. An invoice serves as an official document issued by a seller to a buyer that itemizes and reflects the total cost of goods and services provided. It typically includes details such as the quantity of items, description of the goods or services, prices, payment terms, and any taxes or discounts applied. Invoices are essential for accounting purposes, as they facilitate the tracking of sales and expenditures, and act as a formal request for payment.

While a receipt is proof of payment made for goods or services, it is generated after a purchase has been completed. An order form, on the other hand, is a document used by a buyer to specify their order before a transaction occurs. A bill is often used interchangeably with an invoice, but can sometimes refer explicitly to the amount due. In professional environments, particularly in accounting and operational contexts, the term "invoice" is specifically used to denote the detailed breakdown of costs associated with goods and services received, highlighting its primary function in the transaction process.