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You won't get in trouble for giving him cash, however you should be worried because any "reputable" person providing any type of service/product will provide a receipt regardless of payment type.
There is no way to prove without an invoice or receipt signed by the other sub, or without witness testimony of someone who saw the transaction. Even if your bank shows a withdrawal of a certain about and his bank statements show a deposit...
How do you write a receipt for a cash payment? If you are writing out a receipt for a cash payment, include the date, items purchased, quantity of each item, price of each item, total price, type of payment and payment amount, and your business name and contact information.
Just make sure they include:The date of payment,A description of the services or goods purchased,The amount paid in cash, and.The name of the company or person paid.
This is the information that should be included on a receipt: Your company's details including name, address, telephone number, and/or e-mail address. The date the transaction took place. List of products/services with a brief description of each along with the quantity delivered.
Format of Cash ReceiptThe date on which the transaction happened.The unique number assigned to the document for identification.The name of the customer.The amount of cash received.The method of payment, i.e., by cash, cheque, etc.;The signature of the vendor.
To prove that cash is income, use:Invoices.Tax statements.Letters from those who pay you, or from agencies that contract you out or contract your services.Duplicate receipt ledger (give one copy to every customer and keep one for your records)
How do you write a receipt for a cash payment? If you are writing out a receipt for a cash payment, include the date, items purchased, quantity of each item, price of each item, total price, type of payment and payment amount, and your business name and contact information.
Receipts should be provided for every product or service purchased from your business, even if the customer is paying with cash. You can print the receipt as you sell the product or service and give it to the customer immediately after their purchase.