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A receipt is a written acknowledgment that a person has acknowledged maintenance or property in payment in the same way as a sale or supplementary 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 cumulative sales tax or VAT from the customer, the amount would be further to the receipt and the store would be deemed to have been upon 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 narrowing of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the court case of wage withholding taxes. upon the new hand, tips or additional gratuities unmodified by a customer, for example in a restaurant, would not form allocation of the payment amount or appear on the receipt.

In some countries, it is obligatory for a business to come up with the money for 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 deed of goods innate 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 machine generated. Many point-of-sale terminals or cash registers can automatically develop receipts. Receipts may plus be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To shorten the cost of postage and processing, many businesses attain not mail receipts to customers, unless specifically requested or required by law, following some transmitting them electronically. Others, to abbreviate time and paper, may certificate an invoice, account or upholding as “Paid”.

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