A cash receipt is a printed statement of the amount of cash received in a cash sale transaction. A copy of this receipt is given to the customer, while another copy is retained for accounting purposes. A cash receipt contains the following information:
The receipt of cash triggers an accounting entry, so that the transaction is recorded in your accounting records. The standard cash receipt journal entry for a sale transaction is a debit to the cash account and a credit to the sales account. Or, if the cash receipt is related to the sale of a company asset, such as machinery, then the credit part of the journal entry is an offset to the relevant asset account.