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Question

What is the difference between vouchers and invoices?


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Solution

The difference between vouchers and invoices are:

INVOICE

VOUCHER

An invoice includes details of the goods purchased from a particular company.

Vouchers contain details of the total quantities, the total amount of the goods purchased, and the ledger to which it has been recorded.

An invoice is a list of goods sold or services rendered, issued by the supplier to the customer when sales are made.

A voucher is a document for recording liability.

There are four types of invoices.

There are six types of vouchers.

Also see: Difference Between Source Document and Voucher


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