Question

Recall a trip to the bank. Does the teller receiving the money for deposit take the money to bookkeeping and record the deposit? Why not?

Why do some stores post signs that say “If you do not receive a receipt, we will pay you $5”?

Answer 1

The teller records a deposit and handover a receipt to the customer which acknowledges that the customer has actually deposited a particular amount.

“If you don’t receive a receipt, we will pay you $5”. This is generally seen because it prevents employees of the company to deceive its owners. If they don’t receive a receipt it means that it is not recorded and the employee can picket that money. So to prevent these kind of frauds by employees stores use such sign boards.