PURCHASE RECEIPT IS THE DETAILS OF THE PURCHASE MADE FROM THE SUPPLIER DEALING IN CASH, CHEQUES etc.,, WHEREAS A SALES INVOICE IS THE DETAILS OF THE SALE OF GOODS FROM ONE PARTY TO THE OTHER WITH THE SPECIFICATIONS OF PRICE, QUANTITY, AND THE DETAILS OF SUCH GOODS SOLD.IT IS IMPLEMENTED BY THE USAGE OF THE PURCHASE LEDGER, SALES LEDGER AND THE SHORTCUT KEYS SPECIFIED FOR THAT PURPOSE.