Vyapar Interview Questions, Process, and Tips

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. Inventory refers to the goods and materials that a business holds for the ultimate purpose of resale.

• Accounting involves keeping track of financial transactions such as sales, purchases, and expenses

• Inventory management involves tracking the quantity and value o...read more

A bill is a request for payment, while an invoice is a detailed record of a transaction.

• A bill is typically sent before payment is due, while an invoice is sent after a transaction has occurred.

• A bill may include a summary of charges, while an invoice provides a detailed breakdown of the goods or services provided.

• Invoices are often used for accounting and tax purposes, while bills are more commonly used in everyday tr...read more