Question

5 it is not necessary to save the receipt when an item is purchased using a debit card.

true

false

Explanation:

Analyze the statement

The statement claims that it is NOT necessary to save the receipt when an item is purchased using a debit card.

Evaluate the importance of receipts

Receipts are essential for several reasons:

• Verifying transactions during bank reconciliation to check for errors or unauthorized charges.
• Facilitating returns, exchanges, or warranty claims for the purchased item.
• Maintaining accurate records for personal budgeting and expense tracking.

Determine the truth value

Since saving receipts is necessary for verification, returns, and record-keeping, the statement is false.

Answer:

• True
• False (Correct answer)