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In this video tutorial, the process of creating a business receipt in Word is demonstrated. The presenter begins by opening a new document and using a table to maintain organization. They insert a table with 5 columns and 33 rows, adjusting the row heights to about 0.75 for better visibility. To improve text alignment, the presenter selects the entire table and changes the text positioning to center it within the cells instead of aligning it to the top. This setup is key for achieving a neat and professional look for the business receipt.