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WEST VIRGINIA DEPARTMENT OF TRANSPORTATION ADMINISTRATIVE PROCEDURES VOLUME II, CHAPTER 8 SUBJECT: ACCOUNTING CHAPTER TITLE: RECEIPT OF MONETARY PAYMENTS TABLE OF CONTENTS INTRODUCTION POLICIES PROCESSES
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Receipt of monetary payments is a document that acknowledges the receipt of money or payment for goods or services.
Any individual or business that receives monetary payments for goods or services is required to file receipt of monetary payments.
Receipt of monetary payments can be filled out manually or electronically, with details of the payment amount, date, payer's information, and reason for payment.
The purpose of receipt of monetary payments is to provide a record of the transaction and acknowledge the payment received.
Information such as the payment amount, date, payer's information, and reason for payment must be reported on receipt of monetary payments.
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