Which of the Following Is Not a Source Document

Original Documents including eyewitness accounts or the first record of events such as diaries. Sales Tax Returns.

Case Report Form Template Clinical Trials 5 Templates Example Templates Example Clinical Trials Clinic Clinical Research

However many advisors struggle to.

. Types of Accounting Source Documents. View the full answer. Today the source documents may be an electronic record.

Below is a list of ten that are used regularly by most businesses. Definition of Primary Sources. The buyer may require a quote from different sellers for the items it wants to buy.

Source documents are the physical basis upon which business transactions are recorded. Providing source documents to your bookkeeper or accountant in a timely manner assists them in preparation of financial statements and accurately analyzing your business activity. B A copy of the companys shipping documentC A copy of the companys sales journal.

Let make it is more natural. These sources were present during an experience or time period and offer an inside view of a particular event. Accounting source documents are required for example to prove the following transactions.

Answer 2 - A co. Therefore the correct answer is option 2nd ledgers. Source documents are used to record transactions because they are original and show an objective report of the economic activities of each transaction.

A A copy of the companys financial statements. A source document is an original record that contains the details that support a transaction that is going to be entered or has been entered in an accounting system. In business a payment on account is the most common transaction for which a cheque is issued.

A source document captures the key information about a transaction such as the names of the parties involved amounts paid if any the date and the substance of the transaction. A source document used to verify credit transactions - not recorded in cash journals. During 2018 collect 185000 from customers on.

The supporting documents that are needed for payment by cheque are an invoice or bill that. A copy of the companys shipping document. Question 10 Data processing includes all of the following except a.

CAccount in general ledger Source documents serves as a physical record ba. They usually contain a description of a business transaction the date of. Sales receipts bills from suppliers purchase orders bank statements are the primary vouchers from which transaction is recorded.

Source documents are typically retained for use as evidence when auditors later review a companys financial statements and need to verify that transactions have in fact occurred. Verifying subsidiary ledger balances b. So purchase order is a type of document of the company that.

An accounting source document provides proof of an economic transaction. The following transactions occur during 2018 and 2019. Answer 1 - Ledgers are not the source documents.

Received cash from owner as an investment. A copy of the companys ledger. The source document is a good internal control and provides evidence a transaction occurred.

In the accounting industry source documents include receipts bills invoices statements checks ie anything that documents a transaction. Bought supplies on account from Atlas Supplies. A source document is an original record which contains the detail that supports or substantiates a transaction that will be or has been entered in an accounting system.

Match the source document with the transaction. Primary sources can be original documents such as letters speeches diaries creative works such as art novels music and film published materials of the times newspapers magazines memoirs etc institutional and government documents treaties laws court cases marriage. The quotes will be looked at discussed and a decision made as to which seller to buy the product.

A copy of the companys sales journal. Removing inventory items no longer offered d. The details from the source document should be recorded in the appropriate accounting journal as soon as possible after the transaction has occurred.

Adding the name of a new vendor. Any time a business spends or receives money a source document is created. These source documents are also required by both company and tax auditors.

Documenting your sources within the text of your paper. Source documents are frequently identified with a unique number so. During an accounting or tax audit source documents back up the accounting journals and general ledger as an indisputable transaction trail.

We review their content and use your feedback to keep the quality high. In the past source documents were printed on paper. Most current research papers insert the basic source information.

Citing at the end of the paper. Invoice sent to customer C. After recording all source documents should be filed away in a document system where they can be.

A primary source is a document or physical object which was written or created during the time under study. For example when a company purchases goods from a vendor the vendor creates a receipt or invoice that shows the goods that were purchases the purchase price date of transaction. Changing customer addresses c.

Account in general ledger D. During 2018 install air conditioning systems on account190000. After you request the quotation from a few suppliers and then you find one supplier whose quotation is compatible with your requirement and you make the purchase order.

The correct answer is A. Received cash on account. Put your notecards with the source information on them in alphabetical order according to the authors last names then follow the correct format for providing the essential source information.

You would keep source documents for your business just like you. They are the source of the information that is recorded in the accounting ledgers and they are used to verify the validity of the transactions. A source document is the original document that contains the details of a business transaction.

View the full answer. A source document used to verify internal transactions. The source document is essential to the bookkeeping and accounting process as it provides evidence that a financial transaction has occurred.

Which of the following is not a source document. A copy of the cheque is kept and used as a source document. There are many different types of source documents.

A copy of the companys financial statements. The second source of accounting documents in the is article is Purchase orders. A primary source is an original material created during the time under study.

Up to 24 cash back A cheque itself is not used as a source document because it must be sent out to the payee. Which of the following is not considered a source document. Source documents are an integral part of the accounting and bookkeeping process.

Case Report Form Template Clinical Trials 5 Templates Example Templates Example Report Template Clinical Research Clinical Trials

What Are Source Documents Management Guru Source Documents Accounting Process Accounting Principles

Source Document For Outward Transfer Cheque Cheque 118 Cleared Ref 2 1 1 17855 02 Mar 2021 Source Documents Bearer Cheque Sourcing

Case Report Form Template Clinical Trials 5 Templates Example Templates Example Clinical Trials Clinic Clinical Research