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A receipt is a written acknowledgment that a person has traditional grant or property in payment once a sale or supplementary 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 collection sales tax or VAT from the customer, the amount would be added to the receipt and the buildup would be deemed to have been upon behalf of the relevant tax authority. In many countries, a retailer is required to increase 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 other hand, tips or other gratuities unchangeable by a customer, for example in a restaurant, would not form allowance of the payment amount or appear on the receipt.

In some countries, it is obligatory for a matter to give a receipt to a customer confirming the details of a transaction. In most cases, the recipient of money provides the receipt, but in some cases the receipt is generated by the payer, as in the war 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 develop receipts. Receipts may after that be generated by accounting systems, be manually produced or generated electronically, for example if there is not a face-to-face transaction. To cut 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 shorten grow old and paper, may certify an invoice, account or verification as “Paid”.

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