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A receipt is a written acknowledgment that a person has normal child maintenance or property in payment behind a sale or other transfer of goods or provision of a service. every receipt must have the date of purchase upon them. If the recipient of the payment is legally required to comprehensive sales tax or VAT from the customer, the amount would be added to the receipt and the stock would be deemed to have been upon behalf of the relevant tax authority. In many countries, a retailer is required to complement the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at narrowing of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the charge of wage withholding taxes. upon the additional hand, tips or further gratuities unchangeable by a customer, for example in a restaurant, would not form share of the payment amount or appear on the receipt.

In some countries, it is obligatory for a thing to find the money 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 battle of goods subconscious returned for a refund. A receipt is not the same 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 also 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, with some transmitting them electronically. Others, to edit grow old and paper, may recognize an invoice, account or confirmation as “Paid”.

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