receipts and invoices - basic question.

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1. Can the Invoices be generated by both Account Receivables (who sells the
product) - and Account Payables (who bought the same product)

2. As far as I understand, Receipts should be generated by only the Account Receivables (who sold the product), only after receiving the money from the buyer.
Am I correct?

Regards,
Suresh
 

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