What is an accounting receipt? Many organizations are involved in the maintenance of accounts of the customers. This is mostly done in a financial institution and particularly in banks. In such business entities, there is a need to keep a record of each individual account of the customer. The customer too needs to have a proof of his account and the activities that are going on in the course of action. So an accounting receipt is a similar document that helps fulfill this need. It is a formal written document that is provided by the business organization or financial institution …