Date: February 05, 2024
Customer: Erations Conglomerate
Product: Receipt
Products performance characteristics
The Receipt is a document that confirms the amount of consideration captured by the vendor during the Billing Process. The document tally’s up the value of goods and services provided to create a summation. Receipts also factor in GST and PST as well as any other deposits as required by the government.
Products aesthetic characteristics
Receipts contain the Referent of the company on the Header of the document. It also contains the date and the time of the transaction took place as well as the address and the phone number of the business.
This document is issued through Finance hardware such as a Cash register. The value amount of every service and good that was purchased are tallied. Beside the sale price of every item is its Referent.
Establishment Referent
Address
Phone Number
Date and Time
Olympus m:robe ……………………………… $150.00
B&O Form 2I ……………………………… $100.00
TOPPS Tom Brady Chrome ………………. $75.00
Sub Total: $325.00
PST/ HST: 12%
Grand Total: $364.00
Payment Method- CASH
For every Referent, there is a new tally line started as a list. The value of these are added and expressed as a summation to create a Sub Total. Taxes such as GST, HST are then added to create a Grand Total- the paid amount by the customer.
Receipts also contain information on the Method of Payment, this could include, CASH, DEBIT/ CREDIT, E-TRANSFER etc.
Installation, configuration or fit of product
Receipts are issued after the customer has gone through his or her Shopping Cart via a transaction with the vendor where the amount of consideration in exchange for the goods/ services are confirmed at Check Out. When the items to be exchanged have been confirmed, the customer provides the consideration per the amount Grand Total indicated on the Receipt.
Packaging characteristics (if applicable)
Receipts are provided on specialized paper that reacts to heat and carbon.
Applicable standards
Nil
Applicable statutes or legislations
Sale of Goods Act.
Similar existing product designs
E- Receipts and digital receipts.
Quality assurance
Product briefs are reviewed and approved by the president of the company.
Prepared by: Timothy Luis Date: February 05, 2024
Approved by: Timothy Luis Date: February 11, 2024
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