What is an itemized receipt?

An itemized receipt is a detailed list of all the items or services purchased during a transaction, along with their individual prices and quantities. This type of receipt is commonly used in retail, restaurants, and other businesses to provide customers with a breakdown of their purchase.

An itemized receipt typically includes the following information:

1. Date and time of purchase
2. Names and addresses of the business and customer
3. Description of each item or service purchased
4. Quantity of each item purchased
5. Unit price of each item
6. Total cost of each item (quantity x unit price)
7. Subtotal of all items purchased
8. Taxes and fees applied
9. Discount or promotion applied (if any)
10. Grand total of the transaction

Itemized receipts are useful for both customers and businesses, as they provide a clear record of the transaction and help customers verify the accuracy of their purchase. Businesses can also use itemized receipts for inventory management, accounting purposes, and to analyze sales trends.