Cash Receipt

A cash receipt is an instrument which is a proof of giving or receiving a cash payment for products purchased or services rendered. The purpose of cash receipts vary regarding your work or business but on a broader perspective, a cash receipt is used for record keeping. This record can be used for making budgets, planning inventory and making yearly feasibility reports. Business Cash Receipts Cash receipts can also be termed as a short binding agreement between the vendor and the payee. These receipts are also very important when calculating earnings and expenditures of a department or a company for…