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A receipt is a written acknowledgment that a person has established grant or property in payment bearing in mind a sale or extra transfer of goods or provision of a service. all receipt must have the date of purchase upon them. If the recipient of the payment is legally required to gather together sales tax or VAT from the customer, the amount would be supplementary to the receipt and the accretion would be deemed to have been upon behalf of the relevant tax authority. In many countries, a retailer is required to include the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at reduction of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the act of wage withholding taxes. on the further hand, tips or other gratuities resolution 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 event to come up with the money for a receipt to a customer confirming the details of a transaction. In most cases, the recipient of child maintenance provides the receipt, but in some cases the receipt is generated by the payer, as in the act of goods innate returned for a refund. A receipt is not the similar 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 develop receipts. Receipts may in addition to be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To cut the cost of postage and processing, many businesses do not mail receipts to customers, unless specifically requested or required by law, like some transmitting them electronically. Others, to edit period and paper, may certify an invoice, account or assertion as “Paid”.

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