receipt is issued for
(cash sales, credit sale, cash paid, cash received)
Answers
Receipts can be also used for a document that represents proof of a final transaction . receipts are issued to business to business dealing as well as stock market transaction. receipts are also necessary for tax purposes as proof certain expenses....
this is just detailed information...
Answer:
Receipt is issued for cash sales and cash received.
Explanation:
Whenever cash is received on account of debtors and from other miscellaneous income.
A cash receipt is the primary document to be prepared as and when the cash is received.
Cash receipt included both receipt in cash as well as in bank.
Cash receipt voucher helps to track the vendor reconciliation, cash reconciliation after cash counting and is a mandatory documentary for internal controls purpose.