Question

Is an invoice a bill of exchange?

Answer 1

A receipt/ an invoice and a bill are records that pass on similar data about the sum owing for the offer of items or administrations, yet the term receipt is for the most part utilized by a business hoping to gather cash from its customers, though the term bill is utilized by the client to allude to installments they owe providers for their items or administrations. A receipt and a bill are basically exactly the same things. However, the two terms are commonly utilized by various gatherings engaged with a similar deal.

Also read:

• Difference Between Bill of Exchange and Promissory Note
• Types of Bill of Exchange