When buying items from a store or a supplier, you need to have a purchase receipt to ascertain ownership of the items. It is like a certified paper containing information about what you bought and how much you paid for the items. Having one helps you when returning an item due to some reason within the warranty period. You can confirm this with a purchase receipt template that contains the terms on cancelation and returns. Some sellers give you purchase receipts without the need for a purchase order. Click here to read more.