The itemized receipt is a very generalized and broad term used to describe a standard for purchase invoice. It can be used by almost any seller. Restaurants, department stores, stationery stores, etc. are a few examples. This can be used in a business to business sales and purchase scenario as well as business to customer scenario. Detailed inventory purchase can be done using this receipt. But most commonly it is used in departmental stores and retail shops. The reason it is known as the itemized receipt is that it displays information of your purchase as per each item. What is…
