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whatis the difference between invoice and bill?
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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.
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Answer / xxx
In Invoice a cst/vat columns always Remain. but in bill
not required
| Is This Answer Correct ? | 2 Yes | 7 No |
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