Question

What original documents must be kept as records at the dealership for five years?

A) Sales receipts
B) Inspection reports
C) Repair invoices
D) Insurance policies

Answer 1

The original documents that must be kept as records at a dealership for five years include sales receipts, inspection reports, repair invoices, and insurance policies.

Step-by-step explanation:

The original documents that must be kept as records at a dealership for five years include sales receipts, inspection reports, repair invoices, and insurance policies. These documents provide a record of the dealership's sales and transactions, as well as any repairs or inspections conducted. Keeping such records is important for financial and legal purposes, as they can be used for auditing, warranty claims, and resolving any disputes that may arise.