whatis the difference between invoice and bill?
- 4 Answers
- 7646 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / dharmesh sati
An invoice is a commercial document issued by a seller to a
buyer, indicating the products, quantities and agreed
prices for products or services that the Seller has already
provided the Buyer with. An invoice indicates that, unless
paid in advance, payment is due by the buyer to the seller,
according to the agreed terms.
A bill is a document requesting payment for goods
previously supplied. This presentation of a bill is common
practice on the part of restaurants, credit card companies,
utilities, and other service providers. The bill for
something is the total price of all services and goods
received but not yet paid for, and is presented in the
expectation of immediate payment in full. If a bill is not
paid, a collections company is usually given the
responsibility of collecting the amount due and service is
terminated. Under English law, a person who makes off
without paying the bill, or who dishonestly secures a
remission in the amount payable, commits an offence under
the Theft Act 1978. When a company cannot pay its bills, it
is said to be insolvent.
These two words are generally used interchangeably.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / a.praveen
INVOICE: invoice is given by the seller to the buyer.it carries the all details like product quality,quantity,neature...the invoice not only given by the seller it will given by the consigner to consignee also.
BILL : bill is a proof for selling and payment only it carries the details of quantity,amount.it will given by the seller to buyer only.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / xxx
In Invoice a cst/vat columns always Remain. but in bill
not required
| Is This Answer Correct ? | 2 Yes | 7 No |
if my salary is 12000 per month how much i will get after deducting PF an ESI
What is the difference between the service organisation and trading organisation
what is journal entry in the transferee company book in the case of amalgation
what is debit note & credit note?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
In accounting equation what is the treatment of investment in shares??
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
what is tds,pf and vat?
what do you mean by Firm
what is the last date of deposit TDS on liability for the assessment year 2010-11
if a proprieter farm purchase any software for account what is the general entry ?
You pay for a product and you get the bill. When to book the expenses
Audit 
