What type of documentation supports transaction records?

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Numbered receipts serve as definitive proof of transactions, providing a tangible record that indicates what was purchased, the amount paid, and the date of the transaction. They are often issued at the point of sale and include important details such as a unique identifier, which helps in tracking and verifying the transaction. This documentation is crucial for audits, returns, and any disputes arising from the transaction, making it a vital component of financial record-keeping.

In contrast, while electronic files and email confirmations can provide support for transaction records, they may lack the same level of formality or dedication to a specific transaction compared to a numbered receipt. Written agreements, while useful in outlining terms and expectations, do not inherently serve as transaction records unless they specifically detail the specifics of a financial transaction. Thus, numbered receipts stand out as the most straightforward and reliable documentation for supporting transaction records.

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