What is receit?

A receipt is a written or printed document that acknowledges the exchange of goods or services between two parties. The receipt contains details of the transaction, such as the date of the exchange, the items purchased or sold, the quantity of goods or services, the price of the products or services, and the name of the parties involved. A receipt serves as proof of purchase, record-keeping, and evidence for tax purposes. It can be issued by a seller, a store, a business, or an individual to a buyer, a customer, or a client. Receipts can be issued in various forms such as digital receipts, paper receipts, and electronic receipts. They are important for tracking expenses and managing finances.