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The general rule of thumb in this area is that you need to get a receipt that shows real description in the items that were purchased. The receipt produced out connected with debit or credit card processing machine that only shows overall amount in not going to cut it with a CRA auditor. Neither will the Visa or mastercard statements showing a company name as well as an amount. In short, you have to get a receipt that shows the paper, pencils, gas or hamburger that’s purchased to permit you to do your business.
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