Arkansas Real Estate Practice Exam

Cash receipts for property management must be prepared consecutively pre-numbered and in duplicate form for record-keeping purposes. Option B is incorrect because while electronic storage may be convenient, it does not provide a physical backup in case of technical issues or discrepancies. Option C is incorrect because handwritten receipts may be difficult to read and tenant signatures may not always be legible or consistent. Option D is incorrect because property management receipts do not typically require notarization. Therefore, the most accurate and efficient method is to have consecutively pre-numbered receipts in duplicate form for tracking and organizational purposes.