Question

Bob withdrew money from an ATM, put the receipt in an envelope, and filled in the information in his check register.

Explain why it is important for Bob to keep the receipt and record the information in his check register

Answer 1

Bob took the cash out of the ATM and put the receipt in the envelope.It is important to record each transaction so that Bob can see how much money is in his account. This is very difficult. Debt and savings can help with expenses. If the bank is wrong, it is better to keep receipts.

Answer 2

Answer:It is important to record each transaction so Bob knows how much money is in his account. That prevents being overdrawn. Recording debits and deposits helps with budgeting. It is good to keep receipts in case of any bank errors.

Explanation: