Grade 9 Accounting

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Hi!

I have a project and I need to know:
What is the main difference between a cash slip, receipt and invoice?

Thanks!!!
:)
 

bklynboy

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To me its:

Cash slip - recipt you get ffrom the cash register when you purchase an item.
Receipt - acknowledges the amount of money that was received for a product or service. Cash slip is one type of receipt but a receipt need not be from a cash register only.
Invoice - issued by a seller to a buyer thaat details what was purchased and the price and requests the payment and terms.
 

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