What is a Sales Receipt

sales re - ceipt
An electronic or paper record of a Transaction, generated at the Point-of-Sale.
For more information, read "The Payments System Simplified"
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How Does a Sales Receipt Work

Whenever a customer purchases a product or service, he or she will receive a paper or electronic note that usually includes the Merchant's name and address, as well as the Transaction number, the date, the item sold, and how much was charged for that item or service. Tax is often included in a receipt. Some Point-of-Sale devices include a touchscreen where customers can email the sales receipt to themselves.