what is the use 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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The primary purposes of a receipt include providing information to customers or donors, documenting purchases and assisting with internal accounting. Both for-profit and nonprofit organizations have reasons to give receipts to patrons. Receipts serve as an effective communication tool with customers.
Explanation:
Receipts serve as an effective communication tool with customers. First, they note the details of a customer's purchase, including itemized products and services.
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