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A receipt is a written acknowledgment that a person has established grant or property in payment in the same way as a sale or extra transfer of goods or provision of a service. all receipt must have the date of buy upon them. If the recipient of the payment is legally required to collect sales tax or VAT from the customer, the amount would be extra to the receipt and the buildup would be deemed to have been on 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 reduction of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the dogfight of wage withholding taxes. on the new hand, tips or new gratuities resolved by a customer, for example in a restaurant, would not form share of the payment amount or appear upon the receipt.

In some countries, it is obligatory for a event to provide 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 fighting of goods swine 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 robot generated. Many point-of-sale terminals or cash registers can automatically produce receipts. Receipts may as well as 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 realize not mail receipts to customers, unless specifically requested or required by law, in imitation of some transmitting them electronically. Others, to condense times and paper, may certificate an invoice, account or support as “Paid”.

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