When you pay someone, you expect to get a receipt for the payment. Especially when that "someone" is a business. Receipt - or "proof of receipt" - must be issued by the Payee / Merchant so that you ...

During a sale of goods or services, a buyer and a seller enter into an agreement to transact business and complete a financial transaction. The agreement can be verbal or written, and the terms of the ...

A receipt is a document that verifies someone has given money in exchange for goods or services. An official receipt of money, therefore, is a legally recognized tangible document used as proof that ...