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A receipt is a written acknowledgment that a person has conventional child maintenance or property in payment later a sale or extra transfer of goods or provision of a service. all receipt must have the date of purchase on them. If the recipient of the payment is legally required to collective sales tax or VAT from the customer, the amount would be other to the receipt and the heap would be deemed to have been on behalf of the relevant tax authority. In many countries, a retailer is required to supplement 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 stroke of wage withholding taxes. upon the other hand, tips or supplementary gratuities complete by a customer, for example in a restaurant, would not form ration of the payment amount or appear on the receipt.

In some countries, it is obligatory for a thing to offer a receipt to a customer confirming the details of a transaction. In most cases, the recipient of keep provides the receipt, but in some cases the receipt is generated by the payer, as in the battle of goods creature 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 produce receipts. Receipts may furthermore be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To abbreviate the cost of postage and processing, many businesses do not mail receipts to customers, unless specifically requested or required by law, subsequently some transmitting them electronically. Others, to cut period and paper, may sanction an invoice, account or confirmation as “Paid”.

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