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Receipt for Payments - Template template - Download from Accounting and Finance-Receipts

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Accounting and Finance
Document Sample
Document Description
Payment may defined as the satisfaction of a promise or the performance of an agreement. Elements of payment are the complete or partial discharge of an obligation; by actual or constructive delivery; of money or its equivalent (such as property); by or on behalf of the person obligated to make payment; to the person entitled to payment; for the purpose of satisfying the obligation in whole or in part; and its acceptance as such satisfaction of such obligation by the person who is obligated to make payment.
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