It’s a document that details everything related to the purchase of the product, be it the type or quantity or the service that are being sold. It basically details the products or services that the purchaser agrees to purchase at a set price. Sometimes the purchase order includes all the payment related terms and conditions.
A bill is a document issued to a buyer from the seller of the product. This document often includes:
- The products sold,
- At what price they are sold,
- Shipment order and date and
- All the terms and conditions jointly agreed.
A bill is often referred to as an invoice or a statement. All the terms and info provided in the bill refers the money the purchaser owes from a seller. It is usually a promise that the buyer makes from the seller that the amount will be paid within a certain period of time.
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