A receipt is a point of reference given by a business or person to show what goods or services were received. The receipt simply shows the value of the goods or services received or sold. It should also show who received the items and who it was received by.

Receipts come in various forms. Some are printed, register receipts. While others are handwritten, carbon copied. Receipts are important documents and should always be kept for personal/tax records for at least 7 years.

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