Difference between bill and invoice?

Question

Accepted Answer

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 transactions.
For example, a restaurant may give a customer a bill at the end of their meal, while a supplier may send an invoice to a customer for goods delivered.
In some cases, the terms 'bill' and 'invoice' may be used interchangeably, depending on the context.

Popular interview questions of Executive