Interested to Buy Any Domain ? << Click Here >> for more details...
what is the differance bet ween Bill and invoice?
- 4 Answers
- 8364 Views
- DataMonitor, I also Faced
- E-Mail Answers
Answer Posted / jayashree
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 ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What is meant by advance ruling? What is the scheme of advance rulings?
why should we are preparing BRS
WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME
Can v transfer trail balance to journal entry how and with example?
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
what is automatic payment in sap fico
.,can someone tell me how to compute the subscribed capital share?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
what is cost accountinp
Expand-------IETF
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Straight line method to using Indian company names
Is commodities transaction tax a permissible business expenditure? Explain
