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Well, the sales contract are quite different from the account. However, there is one similarity between invoice and purchase agreement. Both of them prove that a certain amount of money is given by the buyer to the seller. However, we are here to talk about the types of form and nothing else. Well, there are two types of forms. They are an absolute one and conditional one. Both of them are equally important
So let’s discuss the two types of the purchase agreement, one at a time :.
1. Absolute sale agreement
Well this is the first kind of form. This payment is made at once. This type of document gives a complete description of payment. It mentions the amount of money that is paid by the buyer to the seller. You need to keep one thing in mind. That is, all payments in time. What it really means is that in such a bill no debt is accepted and all payments in time. This is definitely the main difference that you will understand.
Well, this is a little different from the account as well. As far as the account for payment is made not once but in such a form of payment is made at once. Therefore, you can not call it a bill.
2. conditional sale agreement
Well, you might be thinking that this could be the bill. However, if you’re thinking the way you’re definitely wrong. You need to understand that the bill of sale is different from the account. In this one paid, but if the invoice payment is not made in time. Well, as far as regards the conditional form you will definitely find out that the payment is sometimes avoided. You might find out that some part of the payment is made and the rest is left out-pay. Thus, it is quite different from the pure one.
Apart from this, one can not really find any difference between the two kinds of the purchase agreement. Both of them are indeed the same and therefore are just a small part of the difference between the two. However, both are equally important as account.
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