Asked by Dahmineek Taylor on Jun 28, 2024
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Items such as sales receipts,bank statements,checks,and purchase orders are examples of a business's source documents.
Source Documents
Original records and documents that provide evidence of financial transactions and are the foundation for recording entries in the business’s accounting system.
Sales Receipts
Documents that evidence the sale of goods or services and the payment received for those sales.
Bank Statements
Monthly or quarterly documents issued by a bank detailing all transactions in a customer's account.
- Comprehend the function and classification of source documents within the accounting cycle.
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Learning Objectives
- Comprehend the function and classification of source documents within the accounting cycle.
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