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The purpose of printing official receipts is to provide evidence of a transaction between a buyer and a seller. It serves as a record of payment and helps in tracking the financial transactions of a business.
Yes, official receipts should be printed for all transactions, whether it is a sale of goods or services. This is to ensure proper record-keeping and compliance with tax regulations.
Yes, there is a standard format for printing official receipts as mandated by the Bureau of Internal Revenue (BIR) in each country. It typically includes the business name, address, TIN number, and the details of the transaction.
Yes, pre-printed official receipts can be used, as long as they contain all the necessary information and follow the standard format required by the BIR. However, it is recommended to use computer-generated official receipts for better accuracy and efficiency.
Yes, it is important to keep a copy of the official receipts for at least three years as part of the business's record-keeping. These receipts may be subject to audit by the BIR, and having a copy on hand can help in case of any discrepancies or issues.