payment-receipt

Vocabulary Word

Definition

A 'payment receipt' is a confirmation of payment made for a product or service. It's a piece of evidence you can use to show someone, 'Look, I really did pay for this!'

Examples in Different Contexts

In retail, a 'payment receipt' is a document confirming a purchase. A cashier might say, 'Would you like a printed or digital payment receipt?'

Practice Scenarios

Accounting

Scenario:

Maintaining documentation is key in accounting, especially during tax season.

Response:

I agree. Keeping a copy of all payment receipts will help us manage tax audits effectively.

Product

Scenario:

It's essential that we track our resources and expenses for each stage of product development.

Response:

We'll ensure to collect all payment receipts related to prototyping expenses for accurate budget management.