AFC Accounting Fundamentals Practice Test – Complete Exam Prep

The primary document used to record a debit card transaction is a receipt. A receipt serves as a proof of payment and details the transaction, including the date, the amount spent, the vendor's name, and often a description of the items purchased or services rendered.

In the context of a debit card transaction, the receipt is generated at the point of sale and provides the customer with a record that the funds were transferred from their account. It is crucial for personal record-keeping, expense tracking, and potential returns or exchanges.

While invoices are generally used in business transactions to request payment, and purchase orders are documents that authorize a purchase, these do not specifically serve to document the completed transaction from the consumer's standpoint. Memos can be used for internal communication regarding various transactions but lack the detailed financial record that a receipt provides.