![]() ![]() ![]() Or, under more informal or low-volume circumstances, a receipt may be produced manually by the seller. To provide evidence that a sales tax was paid as part of the transaction, so that the buyer is not liable to pay a use taxĪ receipt may be automatically generated by the seller (such as by a cash register). To document ownership for insurance purposesĪs proof of delivery from the supplier, in case goods are returned under warranty The US was once again top of the tourism receipts table with overseas visitors spending 70.1 billion dollars. The movie's box-office receipts have passed the 5 million mark. To form the basis for an accounting entry to record the underlying transaction the amounts of money received during a particular period by a business: receipts for The theatre's receipts for the winter were badly down. To document the transfer of ownership to the buyerĪs a control, so that the buyer has proof of the amount paid They can be used for several reasons, including the following: Receipts are usually associated with the delivery of goods or services from a supplier. The DR enables investors to invest in foreign companies without having to deal with cross-border trading complexities. A receipt may contain the date of the transfer, a description of the item received, the amount paid for the item, any sales tax charged as part of the transfer, and the form of payment (such as with cash or a credit card). What Is a Depositary Receipt A Depositary Receipt (DR) is a negotiable financial instrument that is issued by a bank and represents a specific number of shares in a foreign company that is traded on a domestic stock exchange. This document acknowledges that the item has been received. A receipt is a written document triggered by the receipt of something of value from a third party. RECEIPT meaning: 1 : a piece of paper on which the things that you buy or the services that you pay for are listed with the total amount paid and the prices. ![]()
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