Which statement regarding receipts is true?

The statement that receipts are required for all reimbursable expenses is true because keeping receipts is a critical part of the expense reporting process. Receipts serve as proof of expenditure and are necessary for ensuring compliance with reimbursement policies. This requirement helps maintain transparency and accountability in financial practices, allowing organizations to have accurate records for auditing and reporting purposes.

Other options do not align with standard practices. For instance, maintaining receipts only for lodging expenses limits the oversight necessary for all costs incurred during the business process. Claiming that receipts are not needed for meals contradicts the need for documentation to substantiate all reimbursable claims. Additionally, the idea that expenses without justification require no receipts undermines the fundamental principle of validating expenditures, leading to potential issues with financial integrity and compliance. Thus, the only statement that accurately reflects the requirement for documentation is that receipts are required for all reimbursable expenses.