AOS1 KK4-Source Documents

Question 1

Source documents for cash transactions (Receipts)

Answer 1

• A written or electronic receipt
• An EFT (electronic funds transfer) receipt
• A credit card receipt
• A bank statement

Question 2

Source Documents for cash transactions (Payments)

Answer 2

• Cheque butt
• Bank statement

Question 3

General Journal

Answer 3

General journal is an accounting record used to analyse and record each transaction, and to identify its source document before posting to the General Ledger.

Question 4

Narration

Answer 4

a brief description of a transaction recorded in the General Journal, including a reference to the relevant source document.