Question

Explain why you would want to keep some, but not all, receipts as part of your financial records.

Answer 1

You or we keep only those receipts

1. The receipt of those goods which has high transaction value, so that if there is a mismatch, at that time you can help the financial authorities or System.

2. We keep those receipts of goods,which are under warranty period or for which you are paying EMI.

3.  Receipt of those goods which has very high amount printed on it, and it mismatch with our income ,i.e not correlated with our income Someone can make false claim to entangle you.