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A receipt is a written acknowledgment that a person has customary child support or property in payment when a sale or supplementary transfer of goods or provision of a service. every receipt must have the date of purchase on them. If the recipient of the payment is legally required to gather together sales tax or VAT from the customer, the amount would be bonus to the receipt and the buildup would be deemed to have been upon behalf of the relevant tax authority. In many countries, a retailer is required to attach the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at tapering off of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the encounter of wage withholding taxes. upon the other hand, tips or further gratuities unconditional by a customer, for example in a restaurant, would not form portion of the payment amount or appear upon the receipt.

In some countries, it is obligatory for a business to give a receipt to a customer confirming the details of a transaction. In most cases, the recipient of child support provides the receipt, but in some cases the receipt is generated by the payer, as in the warfare of goods visceral 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 robot generated. Many point-of-sale terminals or cash registers can automatically manufacture 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 condense the cost of postage and processing, many businesses reach not mail receipts to customers, unless specifically requested or required by law, later some transmitting them electronically. Others, to cut become old and paper, may authorize an invoice, account or statement as “Paid”.

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