ECONOMICS

Detailed explanation-1: -An invoice is an itemized statement of the money that’s owed for goods or services.

Detailed explanation-2: -An itemized bill is a piece of paper which you are given before you pay for goods or services, listing the cost of each item purchased rather than just the total cost.

Detailed explanation-3: -An invoice is an itemized bill issued to a customer that requests payment for goods or services, specifies payment terms, and typically opens an account receivable between a buyer and seller.

Detailed explanation-4: -Technically, an invoice is known as an itemized bill for goods sold or services provided, containing individual prices, the total charge, and the payment terms, according to Merriam-Webster’s Dictionary.