Cambrige Notes: Receipts and till slips

Receipt

• Is issued by a seller to a buyer.
• It is used to acknowledge a cash payment.
• It is evidence of a cash sale.
• It shows:
  1. The names and addresses of the buyer and seller.
  2. date of receipt issue.
  3. Reason for payment.
  4. Description Of goods-if it is a receipt for a cash sale.
  5. Prices of goods and unit prices.

Till slip

• It is issued by a seller to a buyer.
• It shows a cash payment.
• It is evidence of a cash sale.
• It shows:
  1. The date and time of purchase.
  2. Description of goods and services.
  3. Unit prices.
  4. Total paid.
  5. The sellers code of goods and services.
  6. The amount of cash tendered.
  7. The change given out.
  8. The name of the seller.
  9. The name of the cashier.
  10. Voucher code and recharge codes  e.g for airtime and electricity.

To access more topics go to the Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes.