Question

Write short note on the following.

Contents of Receipt

Answer 1

When any amount of cash is received from customers, a receipt is issued to them by the receiver (or seller of the goods).
Contents of a receipt are:
a. Name and address of the firm receiving the payment
b. Date of the receipt
c. Name of the customer from whom the amount is received
d. Mode of payment
e. Amount of payment
f. Signature of the person receiving the payment
g. Receipt number