Scribd Logo
Upload

Welcome to Scribd!

  • Source Document

    Uploaded by

    Muhammad abbas
    4 views3 pages
    1. Transactions are recorded in source documents like invoices and debit notes which provide proof that a transaction occurred between a business and its customers. 2. Source documents are then recorded in journals and accounts to track money in and out of the business. 3. Trial balances and financial statements can be produced by balancing accounts to analyze the financial health of the business.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. Transactions are recorded in source documents like invoices and debit notes which provide proof that a transaction occurred between a business and its customers. 2. Source documents are then recorded in journals and accounts to track money in and out of the business. 3. Trial balances and financial statements can be produced by balancing accounts to analyze the financial health of the business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views3 pages

    Source Document

    Uploaded by

    Muhammad abbas
    1. Transactions are recorded in source documents like invoices and debit notes which provide proof that a transaction occurred between a business and its customers. 2. Source documents are then recorded in journals and accounts to track money in and out of the business. 3. Trial balances and financial statements can be produced by balancing accounts to analyze the financial health of the business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    ① Transaction

    ② Source Document
    ③ Books of prime enly
    ④ General journal
    ⑤ T Accounts/Ledgers ->
    Balance off
    ⑥ Trial Balance
    .

    O Transaction .
    &
    I
    Busine
    ↑
    custome
    M
    Document
    ↓
    Proof -> Transaction
    actually .
    occurred

    Source Document-

    Source Doument -

    Source Document
    occurred
    is the proof that transaction
    actually
    ① Invoice :

    ↳ In detail information -> Data ->


    (buyer / Supplies
    ~ Purchase invoice I.
    Credit purchase

    Sales invoice -> Credit Sales


    .

    ② Debit note .

    ↳ It
    Return request
    the from customers
    ="f goods are
    is

    Refund
    -

    damaged in of
    case ,
    enchange ,
    or e .
    t .

    etc

    Damaged
    .

    Goods
    -
    retrshouta O
    00
    00

    L
    sell

    custome Busines
    ↓ Y

    ↑
    request/Report -> issue .

    You might also like