Simple English definitions for legal terms
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An accountable receipt is a written document that shows someone received goods or money and is responsible for delivering them to another person. It's like a promise to take care of something and make sure it gets to the right place. Sometimes, there are other types of receipts, like interim receipts for insurance payments or warehouse receipts for storing goods. Receipts are important because they help keep track of what has been received and what still needs to be delivered.
An accountable receipt is a type of receipt where a person acknowledges that they have received goods or money and are responsible for delivering all or part of it to a third person.
These examples illustrate how an accountable receipt works. It is a way to ensure that goods or money are delivered to the intended recipient and that the person who received them is accountable for their delivery.