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welcome to academic game tutorials in this video we will look into the differences 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 acknowledgement 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 so lets look into the basic differences between invoice and receipt in a tabular form difference number one an invoice is a commercial document issued by the vendor to the purchaser to request payment whereas a receipt is a document issued by the vendor to the purchaser after the final payment is done number two the signific
