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A receipt is a written acknowledgment that a person has expected keep or property in payment as soon as a sale or supplementary transfer of goods or provision of a service. all receipt must have the date of buy on them. If the recipient of the payment is legally required to cumulative sales tax or VAT from the customer, the amount would be added to the receipt and the heap would be deemed to have been upon behalf of the relevant tax authority. In many countries, a retailer is required to intensify the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at dwindling of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the combat of wage withholding taxes. upon the other hand, tips or extra gratuities final by a customer, for example in a restaurant, would not form share of the payment amount or appear upon the receipt.

In some countries, it is obligatory for a business to pay for a receipt to a customer confirming the details of a transaction. In most cases, the recipient of allowance provides the receipt, but in some cases the receipt is generated by the payer, as in the dogfight of goods living thing returned for a refund. A receipt is not the thesame as an invoice.

There is usually no set form for a receipt, such as a requirement that it be machine generated. Many point-of-sale terminals or cash registers can automatically build receipts. Receipts may with be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To reduce the cost of postage and processing, many businesses get not mail receipts to customers, unless specifically requested or required by law, following some transmitting them electronically. Others, to edit become old and paper, may recognize an invoice, account or support as “Paid”.

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