Invoice vs Debit - What's the difference?
invoice | debit |
a bill; a commercial document issued by a seller to a buyer indicating the products, quantities and agreed prices for products or services that the seller has already provided the buyer with. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms.
The lot or set of goods as shipped or received.
to bill; to issue an invoice
In bookkeeping, an entry in the left hand column of an account.
A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
To make an entry on the debit side of an account.
To record a receivable in the bookkeeping.
of or relating to process of taking money from an account
of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees
As nouns the difference between invoice and debit
is that invoice is a bill; a commercial document issued by a seller to a buyer indicating the products, quantities and agreed prices for products or services that the seller has already provided the buyer with an invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms while debit is flow, rate of flow.As a verb invoice
is to bill; to issue an invoice.invoice
English
(wikipedia invoice)Noun
(en noun)- The merchant receives a large invoice of goods.
Synonyms
* (lot or set of goods) shipmentVerb
(invoic)debit
English
(wikipedia debit)Noun
(en noun)- A cash sale is recorded as debit on the cash account and as credit on the sales account.
Derived terms
* debit cardSee also
* creditVerb
(en verb)- ''We shall debit your account for the amount of the purchase.
- We shall debit the amount of your purchase to your account.
