importance of receipt
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Receipts are a document that represents proof of a financial transaction. Receipts are issued in business-to-business dealings as well as stock market transactions. Receipts are also necessary for tax purposes as proof of certain expenses.
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Receipts are a document that represents proof of a financial transactions.Official Receipts are necessary to reduce taxable income
The lower the taxable income, the lower the amount of tax that a business has to pay. “Allowable deductions” are deductions that a business is legally allowed to deduct from the gross (total) income payable in order to arrive at the final taxable income amount.13-Nov-2019
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