till slips

ZIMSEC O Level Commerce 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 […]