TILL RECEIPT Meaning and
Definition
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A till receipt, also known as a sales receipt or a cash register receipt, is a document provided to a customer as proof of purchase after a transaction has been completed at a retail store or establishment. It is generated by an electronic cash register or point of sale (POS) system, and it outlines the details of the purchase made by the customer.
Generally printed on a small strip of paper, a till receipt includes important information such as the name or logo of the store, the date and time of the transaction, the items purchased, quantity and price of each item, any discounts applied, and the total amount paid. In addition, the receipt often displays additional data like the store's contact information, return policy, and sometimes even loyalty points or rewards earned.
The primary purpose of a till receipt is to serve as evidence of the transaction, allowing the customer to keep track of their purchases, facilitate product returns or exchanges, or claim warranties. It also helps the store to maintain accurate sales records and identify any pricing or inventory discrepancies. Till receipts can be retained for personal budgeting, expense reimbursement, or for tax purposes, especially for businesses or self-employed individuals who need to keep track of their expenses and deductions.
With the advent of digital technology, some retailers now provide electronic or digital receipts instead of traditional paper ones, offering convenience and reducing paper waste.
Common Misspellings for TILL RECEIPT
- rill receipt
- fill receipt
- gill receipt
- yill receipt
- 6ill receipt
- 5ill receipt
- tull receipt
- tjll receipt
- tkll receipt
- toll receipt
- t9ll receipt
- t8ll receipt
- tikl receipt
- tipl receipt
- tiol receipt
- tilk receipt
- tilp receipt
- tilo receipt
- till eeceipt
- till deceipt
Etymology of TILL RECEIPT
The word "till receipt" originates from the combination of two separate terms: "till" and "receipt".
1. "Till": The word "till" is derived from the Old English word "tilian", meaning "to strive, get by labor" or "to cultivate the land". Over time, it developed into the Middle English word "tillen", which referred to working the soil or land. In the context of commerce, "till" is commonly used to refer to the cash register or cash drawer, where transactions are processed and money is stored.
2. "Receipt": The term "receipt" comes from the Old North French word "receite", meaning "receiving" or "reception". It later evolved into the Middle English word "receite", which referred to receiving money or goods.
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