Which term refers to a written record that serves as evidence for business transactions?

A receipt is a term that specifically refers to a written record provided by a seller to a buyer, acknowledging that a certain amount of money has been received in exchange for goods or services. It serves as proof of the transaction and includes important details such as the date, amount paid, and description of the items or services rendered. Receipts are crucial for both record-keeping purposes and for customers in case they need to return items or for warranty claims.

While contracts, documents, and invoices all pertain to business transactions, they have different functions. A contract is a legally binding agreement between parties, while documents can refer to any written material related to business operations. An invoice is a request for payment that details the amount owed for goods or services provided, but it does not serve as proof of payment itself. In contrast, a receipt confirms that payment has been made, making it the most suitable answer for a term that serves as evidence of a completed transaction.