👉 In the context of accounting, a receipt is an important document that records the transfer of goods or services from one party to another. It serves as evidence of the transaction and can be used as proof of payment for goods or services provided. When you receive a receipt, you can use it to verify that the goods or services were actually paid for and that the recipient has received them in good condition. This document is often kept by the seller so that they can track the progress of their transactions and ensure