Final answer:
Yes, it is advisable for a person receiving a salary to keep a record of transactions for various reasons
Step-by-step explanation:
Answer:
Yes, it would be advisable for a person who receives a salary for their services to keep a record of the transactions they perform in connection with their affairs.
Keeping a record of transactions helps in multiple ways. Firstly, it provides a clear overview of income and expenses, allowing for proper financial planning and budgeting. Secondly, it aids in tax compliance by ensuring accurate reporting of income and deductions. Finally, it helps in tracking financial progress and identifying areas where money can be saved or invested.
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