Receipt Format for Every Business
Download free, easy-to-edit receipt templates for payments, bills, and services in PDF, Word, and Excel.
- ⚡️ Customizable templates in PDF, Word, and Excel formats
- ⚡ Professional and legally compliant designs
- ⚡️ Suitable for small businesses, service providers, and shopkeepers.
Free Receipt Format vs Vyapar App
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Receipt Format
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Download Free Receipt Format
Download the receipt format, and customize it according to your requirements at zero cost.
What is a Receipt Format?
A receipt format is a predefined layout used to create receipts that confirm a transaction between two parties—usually a seller and a buyer. It acts as written proof that payment has been made and the goods or services have been delivered. Receipts are important for maintaining accurate financial records, filing taxes, resolving disputes, and building trust in business transactions.
A typical receipt format includes the following details:
- Date of the transaction
- Description of goods or services provided
- Amount paid and applicable taxes
- Mode of payment (cash, UPI, bank transfer, cheque, etc.)
- Signature or stamp of the issuer
Revenue Receipts
A company’s revenue receipts are the money it gets from its main business activities. The result is an increase in the overall revenue of the business. The government does not incur any liabilities due to revenue receipts, and its assets are unaffected.
The profits are not shown on the balance sheet because they result from an organisation’s operations. Disclosures are reported in the trading and profit and loss account. Rent received, discounts received, dividends received, interest and commission received, bad debts recovered, etc., are examples of revenue receipts.
The gains from revenue receipts are only available for a finite period, such as one financial year, but they are recurring. The operational activity of a corporation produces revenue. It directly affects the revenue and expenses of a business. A corporation’s income either raises profit or decreases loss depending on its use.
Capital Receipts
Capital receipts are payments made to a firm that are not considered income but increase its capital. These funds are derived from non-operating activities and are recorded on the balance sheet rather than the income statement. They are non-recurring, which means they don’t happen frequently and can’t be used to distribute profits.
Cash received from the sale of fixed assets, money received from stakeholders, and borrowings are examples of capital receipts. They result in a company’s liabilities rising or its assets falling. Receipts are reported on an accrual basis, which means they are recorded as soon as they are received. They have no bearing on the organisation’s overall profit or loss.
Capital receipts might produce liability if your business took out a loan from a bank or another financial organisation. If your business sold all of its shares to the general public, the asset would be diminished, and future earnings would increase.
Difference Between Revenue Receipts and Capital Receipts
Why Must Sellers Issue Receipts?
Sellers generate receipts when delivering goods or services to the buyer for the following reasons:
- Proof of the buyer’s ownership transfer.
- The buyer has documentation of the amount paid as a safeguard.
- To serve as the foundation for an accounting entry that will document the underlying transaction.
- To prove ownership for insurance.
- The supplier should provide documentation if products are returned under warranty.
- Proof that a sales tax was paid during the transaction, so the buyer is exempt from paying a use tax.
Invoice Vs Receipt
