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Difference between invoice and receipt

Posted: Tue Dec 02, 2008 9:39 am
by sudharshan
hi,

can someone tell me what is the difference between an invoice and an a receipt with examples


Regards

sudharshan

Posted: Tue Dec 02, 2008 11:57 am
by oteixeira
Hello.

I assume you're talking about AR. An invoice is a document that you issue when you sell something to your customers. A receipt is a document that you record for the money your customer sent you to pay the invoice.

Octavio