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Difference Between Invoice and Receipt ( Both invoice and receipt are non-negotiable commercial instruments, which are used during the course of a transaction. While an invoice is a document, made by the seller and issued to the buyer, so as to authorize the sale. It contains the details of the goods and contains the name and address of the parties to transaction, price, discount, date, and place of delivery.

In contrast, receipt, is a simple official acknowledgment, that the goods or services have been received. It is prepared by the vendor and given to the consumer and is used to show the ownership of the item. These terms are widely used in business parlance, as these are related to operational activities. Many do not understand the meaning and difference between invoice and receipt and end up juxtaposing the two. So, this article will clear all your doubts, take a read.