Warehouse Receipt

A warehouse receipt is a document that serves as proof of the storage of goods in a warehouse. When items are stored, the warehouse issues this receipt to the owner, detailing what has been stored, the quantity, and any relevant conditions. It's important because it confirms ownership and can be used in transactions, similar to a check for money. If the owner wants to retrieve the goods or sell them, the receipt must be presented. Essentially, it acts like a receipt for your belongings while they are held in a secure location.