Mark IT Solutions
Accounting

Receipt

Definition
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4 Related Terms

What is Receipt?

Receipt is a document acknowledging that payment has been received from a customer or party. It serves as proof of payment and typically includes details like receipt number, date, payer name, amount received, payment mode, and purpose. Receipts are important for both payer (expense proof) and receiver (income record). In Tally, receipt vouchers record cash/bank inflows and can be printed or emailed to customers.

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