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A receipt is the source document for cash received from transactions other than sales True or false?
Wiki User
∙ 11y ago
true
Wiki User
∙ 11y ago
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What is the primary source document for recording investing transactions?
Broker's advice. This document is issued by a broker and gives the exchange price of investing transactions.
What is an accounting source document?
It is the original paper or document that indicates that a transaction took place. For a sale, the account source document would be the sales receipt or invoice. For a purchase, it would be the receipt or invoice from the vendor. For salaries, it would be the cancelled paycheck.
Source documents in accounting?
source documents are those documents in which all kinds of business transactions are recorded.these include invoice,sales order,purchase order,debit note,credit note,goods received note,goods despatched note,quotation,statement,remittance advice and receipt.
The source document should be written in the?
The source document should be written in the?
What is a source document for payment payroll?
A check is the source document for the payment of payroll.
Are duplicate receipts used as the source document to record payments received from debtors?
No, duplicate receipts are not typically used as the source document to record payments received from debtors. The original receipt is usually the source document that is kept for record-keeping purposes. Duplicate receipts may be issued to the payee as a confirmation of the payment received.
What is a source document?
A source document is the original document that supports the posting of an accounting entry such as a cash receipt or an invoice.
Explain the purpose of source document?
When a business transaction occurs then documents is called source document. Examples of source documents are: 1. cash receipt 2. cancelled check 3. Invoice sent or received 4. Employee Time sheet
What is the source document for all cash payment transactions?
A check
What is the primary source document for recording investing transactions?
Broker's advice. This document is issued by a broker and gives the exchange price of investing transactions.
What is an accounting source document?
It is the original paper or document that indicates that a transaction took place. For a sale, the account source document would be the sales receipt or invoice. For a purchase, it would be the receipt or invoice from the vendor. For salaries, it would be the cancelled paycheck.
Purpose of an eftpos receipt?
the purpose of an eftpos receipt is to approve of a purchase. it is a source document which is used for evidence of purchase.
What is the purpose of source document?
When a business transaction occurs then documents is called source document. Examples of source documents are: 1. cash receipt 2. cancelled check 3. Invoice sent or received 4. Employee Time sheet
Source documents in accounting?
source documents are those documents in which all kinds of business transactions are recorded.these include invoice,sales order,purchase order,debit note,credit note,goods received note,goods despatched note,quotation,statement,remittance advice and receipt.
What documents is considered the source document for insurance claim data ledger daysheet CMS-1500 Superbill?
credit card receipt
What is the role of source document in accounting?
Source documents are quite important as they contain information necessary for accountants to record transactions accurately. They also provide a basis for internal control or audit.
Is bank statement a source document?
Yes, it is. Here is an extract from a website:"The source document is the original record of a transaction. During an audit, source documents are used as evidence that a particular business transaction occurred. Examples of source documents include:Cash receiptsCredit card receiptsCash register tapesCancelled checksCustomer invoicesSupplier invoicesPurchase ordersTime cardsDeposit slipsNotes for loansPayment stubs for interestAt a minimum, each source document should include the date, the amount, and a description of the transaction. When practical, beyond these minimum requirements source documents should contain the name and address of the other party of the transaction.When a source document does not exist, for example, when a cash receipt is not provided by a vendor or is misplaced, a document should be generated as soon as possible after the transaction, using other documents such as bank statements to support the information on the generated source document.Once a transaction has been journalized, the source document should be filed and made retrievable so that transactions can be verified should the need arise at a later date."
