Receipt

A receipt is a written or electronic acknowledgment confirming that something of value, such as goods, services, or money, has been received. It serves as proof of purchase, payment, or delivery and can be used for various purposes, including accounting, tax deductions, warranty claims, and returns. Receipts typically include details like the date, the items or services provided, the amount paid, the method of payment, the vendor's information, and sometimes the purchaser's information. A receipt can be a physical document (paper or carbon copy) or a digital record (sent via email or stored in an app). It's a crucial document for establishing the legitimacy of a transaction.

Receipt meaning with examples

• After buying groceries, Sarah carefully examined the receipt to check each item and ensure the prices were accurate. She planned to use the receipt later for budgeting and potential tax deductions related to her work. The paper receipt was securely tucked into her wallet for safekeeping. Its preservation allowed for accurate accounting of her expenditure, for potential returns if needed. If there were any billing issues.
• The restaurant server provided a receipt after the family's meal. The family reviewed the document to see what they spent, whether they would leave a tip, and ensure they were charged correctly. This receipt was proof of the service and goods received. They paid the total with a credit card, confirming a digital record would also be sent, and the family took it home.
• John kept all his receipts from business travel to submit them for expense reimbursement. He needed to submit his airfare, hotel, and meal receipts to get his money back. The documents allowed a paper trail to document the various expenses and services received. This adherence to the company policy kept him in good standing with the company.
• The online retailer sent an electronic receipt via email confirming the successful purchase. The receipt contained order details, the shipping address, and a customer service contact. The purchaser reviewed the receipt to confirm everything was as it should be. This provided immediate evidence of the transaction.
• When returning a defective appliance, the customer needed the receipt to validate the purchase. The store clerk verified the purchase date, the item's specifications, and the warranty terms. The receipt serves as proof of purchase and allows the return, exchange, or repair of the appliance, helping resolve any issues and assuring customer satisfaction.