Which of the following defines the term 'receipts' in a business context?

In a business context, the term 'receipts' specifically refers to money received by the business. This encompasses various forms of income, including cash from sales, payments for services rendered, and other sources of revenue. Receipts are essential for financial reporting, as they help businesses track income and assess their financial performance over time.

Understanding receipts is crucial for managing cash flow, as they directly reflect the money entering the business. While records of financial obligations and payments to suppliers are important aspects of accounting and financial management, they do not encapsulate the definition of receipts. Overall profit margins, while indicative of business profitability, are derived from comparing income (which would include receipts) to expenses, rather than being a definition of the term itself.