Legal Definitions - accountable receipt

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.

• When a company sends money to a supplier, the supplier signs an accountable receipt to confirm that they received the money and will use it to deliver the goods.
• When a person receives a package on behalf of their neighbor, they may sign an accountable receipt to confirm that they received the package and will deliver it to their neighbor.

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.