Cash receipts are the document that puts you at the least risk of identity theft.
Further Explanation:-
Cash receipts are known to be as collection of money bills which come typically from the customer and this increases debits with regards to the cash balance which is recognized in balance sheet of a company. A cash receipt is recognize when a trader or entity receives cash which could be from any external source such as customer, bank or any other medium and this cash shows up when money is received from a particular customer to show on balance sheet when the transaction takes place. Cash receipts have very little risk of identity theft as there is no such information that is provided with regards to the customer in a cash receipt which risks customer of identity theft. Cash receipts are just for keeping up to the records to show that where the transaction has taken place or to whom the money has gone. Cash receipts have two copies. One is given to the customer and other one the person providing cash receipt keeps with him so that both the parties have record of transaction.
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Answer Details:
Grade – High School
Subject – Economy
Chapter – Cash Receipts
Keywords –Cash Receipts, Economy, Transactions, Banks, Customers, Records, Identity, Theft, Cash flow, Medium.
