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A receipt is a written acknowledgment that a person has expected child maintenance or property in payment next a sale or further 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 total sales tax or VAT from the customer, the amount would be other to the receipt and the store would be deemed to have been on behalf of the relevant tax authority. In many countries, a retailer is required to swell the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at point of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the deed of wage withholding taxes. on the additional hand, tips or supplementary gratuities resolved by a customer, for example in a restaurant, would not form allocation of the payment amount or appear upon the receipt.

In some countries, it is obligatory for a issue to provide a receipt to a customer confirming the details of a transaction. In most cases, the recipient of grant provides the receipt, but in some cases the receipt is generated by the payer, as in the combat of goods swine 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 robot generated. Many point-of-sale terminals or cash registers can automatically produce receipts. Receipts may then be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To edit the cost of postage and processing, many businesses do not mail receipts to customers, unless specifically requested or required by law, next some transmitting them electronically. Others, to edit time and paper, may certificate an invoice, account or assertion as “Paid”.

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