Receipt FAQs:

Q: Is a receipt a written acknowledgment that a person has received money or property in payment following a sale or other transfer of goods or provision of a service?

A: Yes.

Q: Is a receipt generated by the payer?

A: Yes, as in the case of goods being returned for a refund.

Q: Are receipts sent digitally from point of sale devices to consumers?

A: Yes.

Q: Is a receipt not the same as an invoice?

A: Yes.

Q: Are receipts more often used for infrequent or irregular transactions?

A: Yes, or for transactions conducted in the absence of a terminal, cash register or point of sale: for example, as provided by a landlord to a tenant to record the receipt of rent.

Q: Is a receipt the printed record of the transaction?

A: Yes, and are legal documents.