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Q.

What is the difference between BILL and INVOICE?

Asked by kush mathur, 20 Nov '08 09:43 pm
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Answers (8)

 
1.

Invoice contains all the excise,sales tax,transportation and insurance details.Bills do not contain any of this and it is one amount written on same.
Answered by darna kyon, 20 Nov '08 09:44 pm

 
  
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2.

The term Bills means: A note of charges. It is a final bill, which includes the charges of the articles which the persons bought. It is in printed form and it is called as final Bill. The term invoice means A document issued by a seller to a buyer listing the goods supplied and stating in it the sum of money due. Firstly, invoice is given and then goods are supplied and then the final payment is given. That is called an invoice. In case of Bill goods and money transactions take place at one time.
Answered by Murarji Pachpol, 20 Nov '08 09:50 pm

 
  
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3.

More or less - Bill and Invoice carries the same meaning. You can only make a difference if you apply a logic forcefully of your own in order to derive your own way of interpretation. After meeting certain essential requirements of a transaction in the document, you can call it a Bill or Invoice.
Answered by subir s gupta, 22 Nov '08 09:48 am

 
  
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4.

Most of the people do not know exactly what is invoice and bill. Many opinioned there is no difference. But bill and invoice are significantly two
a bill is issued against a sale (of goods or service) for which the payment is settled there itself.
But an invoice is raised against a credit sale for which payment will be settled later.
So in brief, a bill is against ready payment and invoice is against credit sale.
Source: Bill V/s Invoice
Answered by Nataraj msn, 17 Feb '11 03:07 pm

 
  
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5.

Invoice is that document issued by the supplier to the customer with his best offered rates without negotiations. Bill is final document after all settlement on goods sold.

Invoice is temporary and can be changed as taxes can be implemented, discounts can be offered. Whereas Bill is permanent document which can't be changed and have no duplicate identity i.e. there can't two bills for same goods but there can be two or more invoices for same goods.

Now a days both bill and invoice contains details in both group manner or derivative manner as per the requirement of customer.

Invoice implies that deal is still under process and Bill implies that Deal is complete and final value of goods has been decided.

Bill is legal document used for government proceeding purposes whereas invoice is on the part of supplier and customer understanding. Invoice is not necessary by law whereas bill is necessary by law for any sale purchase transaction.

Somewhere it is mentioned as Invoice cu ...more
Answered by pen pal, 24 Nov '08 11:03 am

 
  
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6.

MOST OF THE PEOPLE DO NOT KNOW EXACTLY WHAT IS INVOICE AND BILL. MANY OPINIONED THERE IS NO DIFFERENCE. BUT BILL AND INVOICE ARE SIGNIFICANTLY TWO
A BILL IS ISSUED AGAINST A SALE (OF GOODS OR SERVICE) FOR WHICH THE PAYMENT IS SETTLED THERE ITSELF.
BUT AN INVOICE IS RAISED AGAINST A CREDIT SALE FOR WHICH PAYMENT WILL BE SETTLED LATER.
SO IN BRIEF, A BILL IS AGAINST READY PAYMENT AND INVOICE IS AGAINST CREDIT SALE.
-murali s panaveli-
Answered by MURALEEDHARAN PILLAI, 09 Dec '09 09:34 pm

 
  
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7.

Answer by darna kyon gives details.
Answered by ram kishore rathi, 12 Dec '08 08:07 pm

 
  
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8.

Invoice is the detail with all taxes and bill is common or regular expenses
Answered by sah, 24 Nov '08 10:37 am

 
  
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