A payment receipt is a piece of tangible evidence that proves that a specific amount of payment has been made in exchange for goods or services. In general, payment receipts are used whenever there is a money transaction being conducted. The basic purpose of the payment receipts is to notify both parties about the successful exchange of services with the money. Since payment receipts are used in almost every organization, educational institutes also use them to keep proof of payment. A school fee payment receipt is given to the parents or guardians of the child to request the fee they…
