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Dive into Differences: Invoice vs Receipt

In the world of business transactions, it is crucial to understand the difference between an invoice and a receipt. Although these terms are often used interchangeably, they serve distinct purposes and play different roles in the financial realm. By clarifying the basics and exploring their individual functions, we can gain a comprehensive understanding of the significance of invoices and receipts in business operations.

What's the Difference Between an Invoice and a Receipt?