Source Documents Flashcards
1
Q
What are Source Documents ?
A
Records that provide evidence of financial transactions that have taken place within the business
2
Q
What does Source Documents do ?
A
They serve as the source of information recorded in the Subsidiary books
3
Q
What are the different types of Source Documents ?
A
Receipt
Invoice
Debit note
Credit note
Bank statement
Cheque stub
Petty Cash Voucher
4
Q
What is a Receipt ?
A
A document issued upon receiving cash payment
5
Q
What is an Invoice ?
A
A document by the seller to the buyer as evidence of good or services sold on credit
