A receipt must contain full particulars, especially, as regards the attorney’s account to be credited.Select one:TrueFalse

The statement is True.

Explanation:

A receipt serves as a formal document acknowledging that a payment has been made. In legal and professional contexts, such as with an attorney's account, it is vital to ensure that all details are clearly articulated. This includes specific information about the services rendered, the total amount charged, any payments made, and the remaining balance if applicable.

This transparency protects both the client and the attorney by providing a clear record of transactions and obligations. The particulars that should be included in the receipt for an attorney’s account typically encompass the name and address of the law firm, the client’s name, the date of the transaction, a detailed description of the service provided, and the amounts charged. The presence of full particulars enhances accountability and helps to prevent disputes regarding the validity and accuracy of the payment made.

In summary, including full particulars on a receipt is essential to maintain clarity and ensure both parties are on the same page regarding the financial transactions between them.