Answer / anuradha

Bills are maintained by retailers where as Invoices are
made by manufacturers and wholesalers.

Answer / sharda bajracharya

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.

Answer / 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

Answer / mohan kumar

Proforma is billing before the item is shipped or even
manufactured

Commercial invoice is when the items has been shipped and
the amount that
is due an payable.

wat is extended price??

2 Answers   BPL, Genpact,

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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690

1 Answers  

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​differed revenue expenditure

1 Answers   Capital IQ,

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What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?

2 Answers  

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if salary is 50000 how much TDS and PF to be deducted, kindly help me out.

3 Answers   Ernst Young,

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capital goods excise duty why are taken in 50 percent in firt finicial year and second next finicial year?

2 Answers   PWC,

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what is the sand box?

1 Answers   Deloitte,

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What is conta entry

8 Answers  

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Can any body answer me what is the logic of writing A/c's payee over the corner of the cheque?

5 Answers  

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What is contingent liability?

16 Answers   Al Fara, Combined Fabrics, Scope International, Syntel,

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how much is the salary for a BANK PO ? how much do you get actuly in hand?

1 Answers  

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What is Contra entry?

12 Answers  

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