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RECEIPTS

Receipts are documents that record transactions between buyers and sellers, serving as proof of payment. There are several types of receipts including cash receipts printed at the time of store purchases, handwritten receipts, packing slips, email receipts, and carbon copies. Receipts contain details like date, items, prices, taxes, payment method, and signatures. They are used for accounting, returns/exchanges, and expense tracking. Electronic registers automate recording of sales, calculating costs, and printing receipts to improve accuracy and efficiency and provide management reports.

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44 views4 pages

RECEIPTS

Receipts are documents that record transactions between buyers and sellers, serving as proof of payment. There are several types of receipts including cash receipts printed at the time of store purchases, handwritten receipts, packing slips, email receipts, and carbon copies. Receipts contain details like date, items, prices, taxes, payment method, and signatures. They are used for accounting, returns/exchanges, and expense tracking. Electronic registers automate recording of sales, calculating costs, and printing receipts to improve accuracy and efficiency and provide management reports.

Uploaded by

ayubwasonga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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RECEIPTS
-These are documents that records transaction between a buyer and a seller
that serves as a proof that a transaction of payments,ownership and basis for
accounting .
-They help with calculations,inventory management and reimbursement..
Types of receipt
a) Cash receipts:
-Printed slips of a paper given when a purchase in store is made .

-They show :date,time,item price ,taxesc,discount and total


amount paid,the address of the store ,the cashiers name and
methods of payments.
-They are used for tracking sales and expenses as well as for
returning or exchanging products and tracking expenses.

b) Handwritten receipts:
Are manually written receipts and given by services providers or
sellers who do not have cash registers or computers y.
-They contain similar information as cash receipts and similar
information.

c) Packing slips:
-Are documents found within a package ordered online or through
mail .
-The list of items are included in the shipment like quantities and
their prices.
d) E-mail receipts :
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-Are electronic documents received through e-mail when a


purchase is made through online opr though email .
e) Carbon copies:
-They are duplicate documents produced when handwritten receipts is
written on a special paper that has a carbon layer underneath which
transfer the writing to another sheet of paper creating a copy of the
original receipts.
Example of a receipts

Cash sale slip


-These are documents that records transaction between a buyer and a
seller containing :
-name and address of the buyer
-name and address of the seller
-time and date of the transaction
-description and quantity off goods sold
-unit price and total price of goods sold
-amount of cash received and balance
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-signature of seller and buyer


NB: It serves as an evidence and proof of payment.

Electronic tax register


-This a device that record sales transaction,calculate the cost of goods
sold and prints receipts for customer.
-It consist f a barcode scanner ,a receipt printer ,a cash drawer and
point of scale terminal. It stores sales data,track inventory and generate
reports .
-They also helps in improving efficiency and accuracy of sales process as
well as provide useful information for accounting and management .
Types of electronic tax register
a) Electronic cash register-performs complex calculations and print
customized receipt as well as store and process large amount of
data and can also integrate with other software applications.
b) Point of sales system-it’s a more advancement type of electric
cash that has touch screen display and connected to other devices
such as computers .
-it can integrate with other software
applications such as inventory management ,customer
relationship and online ordering.
c) Cloud-based POS-it uses internet to store and access data or a
remote sarver.
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