Source documents can be critically important in tracking down errors and verifying information entered into journals. A sales invoice communicates sums due to a company in exchange for goods sold. A purchase invoice can prove something was bought and how much was paid. A source document does not have to be a paper document.
Source documents can be critically important in tracking down errors and verifying information entered into journals. A sales invoice communicates sums due to a company in exchange for goods sold. A purchase invoice can prove something was bought and how much was paid. A source document does not have to be a paper document.
Source documents can be critically important in tracking down errors and verifying information entered into journals. A sales invoice communicates sums due to a company in exchange for goods sold. A purchase invoice can prove something was bought and how much was paid. A source document does not have to be a paper document.
Write TRUE if the statement is correct and FALSE if the statement is incorrect and write your answers in the space provided for.
1. Source documents can be critically important in tracking down errors.
Businesses file their source documents so they can be referred to if it is necessary to verify information entered into their journals. 2. A sales invoice in financial accounting is a tool that a company uses to communicate to clients about the sums that are due in exchange for goods that have been sold. 3. Voucher is a tourist guide for using services with a guarantee of payment by the agency. 4. A purchase invoice can be used to prove that something was bought and how much was paid for it.
5. A source document does not have to be a paper document.