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30 June, 20:11

A sales receipt is

a. used when recording a sale on the account

b. used to track cash receipts received from a sale

c. used when cash is collected at the time of a sale

d. used to provide the bank a notification that payment has been received from the customer

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Answers (2)
  1. 30 June, 20:15
    0
    d. used to provide the bank a notification that payment has been received from the customer

    Explanation:

    When customers pay amounts owing to a company, a company records in its bank account a receipt of payment. this would be used to reconcile payments in cash book and at the firm's bank.
  2. 30 June, 20:20
    0
    a. Used when recording a sale on the account

    Explanation:

    A sales receipt is proof of sales made to customers detailing quantity purchased, date on which purchase was made, allowances provided if any, method of payment, value of sales made and other sales related information.

    It is basically proof for the customer that he has made purchases with the terms and conditions indicated on the sales receipt.
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