The correct statement is that the proof of purchase is required and often needed in all of the following except for the purpose of equipment rental. So, the correct option is C.
In cases of equipment rental the payments are often done in advance before the equipment is handed to the person paying such rent for the usage of such equipment.
- A debit card or a credit card not only reduces the burden of carrying hard cash but also helps in keeping the records of the transactions as the statements are mailed to the cardholder.
- A debit card uses the amount kept in the bank balance to be spent at point of sales or online whereas a credit card uses the credit limit given by the bank to the card holder to be repaid at a later date.
- An equipment rental is a process where there are payment of rents and deposits made in advance so that the issuer is free from the risks of theft and also pays a receipt.
Hence, the correct option is that a proof of purchase is not needed in case of spends via debit card or credit card for the purposes of equipment rental.
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