Final answer:
A sales receipt is used to record a transaction when payment occurs at the time of order placement. For payments with a check, adequate funds must be in the account to prevent an overdraft, which incurs fees. The store gets money by depositing the check and the bank transferring funds from the customer's account.
Step-by-step explanation:
When a customer pays at the same time they place an order, the transaction is typically recorded using a sales receipt. This document acts as proof of payment and purchase. In the case of using a debit card, it serves as an instruction to the customer's bank to transfer money directly and immediately from the customer's bank account to the seller. To use a check for payment for goods and services, you need a checking account and sufficient funds in that account to cover the amount of the check.
When a store receives a check, it deposits the check into its own bank account. The bank processes the check and transfers the money from the customer's account to the store's account. If there are not enough funds in the customer's account to cover the check, this may result in an overdraft, which occurs when money is withdrawn from a bank account and the available balance goes below zero, often resulting in additional fees.