Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between an invoice and bill?
- 2 Answers
- 6425 Views
- I also Faced
- E-Mail Answers
Answer Posted / d
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.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
what type account are below Debentures Bank overdraft
Mention whether the account "cash" will be credited or debited when a company pays a bill?
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
Do you know what is a cpa?
Why some asset accounts have a credit balance?
Tell me what is the equation for acid-test ratio in accounting?
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
how to prepare brs statement for company in tally
can we change date in tally.erp s/w in educational mode ?
What are the different types of gst?
Explain me the basic accounting equation?
What is meant by daily accrual and booking?
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
