Which document shows quantity, description, prices of items, total amount of purchase, and payment terms?

The document that provides a detailed account of the quantity, description, prices of items, total amount of purchase, and payment terms is an invoice. An invoice is a formal request for payment, typically issued by a seller to a buyer, outlining the specific goods or services rendered, their quantities, and associated costs. It also includes important details such as the payment terms, which specify when and how the payment should be made.

In addition to itemizing the purchased items, an invoice serves as a legal document that can be used for accounting and tax purposes. It provides a clear record of the transaction and ensures that both parties have an understanding of the financial obligations involved. This is essential for effective business operations and financial management.

The other documents mentioned serve different purposes: a contract outlines the terms of agreement between parties, an order form captures the buyer's request for goods or services, and a receipt is proof of payment after a transaction is completed. While all these documents are important in business transactions, the specific role of an invoice is to summarize and request payment for goods or services provided.