Question: What is the difference between an Invoice and a Sales Receipt? There is no marked difference between an invoice and a sales receipt. An invoice
What is the difference between an Invoice and a Sales Receipt? There is no marked difference between an invoice and a sales receipt. An invoice creates a debit to Accounts Receivable whereas a Sales Receipt creates a debit to Checking. An invoice creates a debit to Accounts Receivable whereas a Sales Receipt creates a check written out to expense. An invoice creates a credit to Accounts Receivable whereas a Sales Receipt creates a credit to Checking
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