It is important for bob to keep the receipt and record in the register so he can monitor how much money he has in the account.
This type of efforts is very important for people who are serious in controlling their budget. Keeping the receipt would help bob prevent himself from taking more money that his budget. It also help bob in identifying the difference during bank reconciliation.
The check register is the type of register which is mainly used to record the financial transactions in cash.
It is essential for bob to hold the receipt and record in the check register, so he can monitor how much money he has in the account and how much he made withdrawal.
A check register is a writing document on which includes the payment dates, amounts, check numbers, and payee names for all check payments.
The report is used to ascertain the perfect payments included in a check run, therefore it is also known as the necessary part of the accounts payable. This type of record is very cardinal for people who are serious to command their budget.
Hence, keeping the receipt would help bob to preclude himself from withdrawing more money than his budget.
Learn more about check register, refer:
https://brainly.com/question/7428945
