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Receipts
RECEIPTS

Definition: (business) Money that a business, bank or government receives.
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* All eight elements should be in.


1. Purposeful and necessary for business, etc.

2. From the right, legal source(s). That is, money is properly due to be received from approved and authorized source(s).
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3. Money or monies are genuine, real - not counterfeit, fakes or duds.

4. Money is completely accounted for, that is, declared in full. In other words, no misappropriation of some of the money collected on behalf of business, bank or government.
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5. Money is received (and paid in) timely (connect to #2, #3 & #6).

6. Money is used beneficially or productively for the benefit of all the members/owners/shareholders/stakeholders/public/workers, etc., as applicable. That is, money serves purpose(s) - even if kept as saving!
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7. Money is not over the amount due to business, bank or government, especially if paid in error. That is, money is the correct amount, not an excess receipt (to emphasize).

8. Sum is acknowledged received (= receipted) by business, bank or government, as appropriate.
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