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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 receipts
- Credit card receipts
- Cash register tapes
- Cancelled checks
- Customer invoices
- Supplier invoices
- Purchase orders
- Time cards
- Deposit slips
- Notes for loans
- Payment stubs for interest
At 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."
What else can I help you with?
Is a bank statement a workplace document?
If a bank statement shows funds related to the workplace, then it is a workplace document.
What is a document that inculdes a needs statement a source of data and a summary of calculations?
Requirements document
Which form is considered the financial source document?
statement of charges
Is bank statement an asset or owner's equity?
A bank statement is neither an asset or owner's equity account. It is a source document for the determination of the correct cash in bank balance account of an entity, and after the final determination thereof, the cash in bank balance will be an asset account. The bank statement is secured from the bank where the entiity maintains an account and said statement is being reconciled with the book balances of the company for the said final determination of correct cash in bank balance prior to month end, quarterly closing and annual closing of a company.
What is the difference between a bank statement and a statement of account?
Hello, A bank statement is a listing from the bank of the deposits to and withdrawals from a depositor's bank account. A statement of account is actually a billing statement - a documents that asks the person/ company to whom a statement of account is addressed to pay the amount stated in the said document. Tessjavier from the Philippines
What does endorsement mean in banking?
Verified by the bank, usually with their Seal/Stamp, authenticating the document (usually a bank statement).
What are the advantages and disadvantages of bank reconciliation statement?
A bank reconciliation statement allows you view all of your transactions in one document, which makes it easier to find a transaction you may have forgotten to document or one you may have duplicated. There really aren't any disadvantages to bank reconciliation statements.
What document includes a needs statement a source of data a summary of calcualtions and any other special requirements?
Requirements Document
Meaning of pay in slip in bank?
Pay-In-Slip is a bank record which he customer has to fill in before depositing the cash into bank .It is a source document .
Can you describe what a bank statement looks like?
A bank statement is a document that shows all the transactions in a bank account over a specific period of time. It typically includes details such as deposits, withdrawals, fees, and the account balance. The statement will also show the date of each transaction and may include a summary of the account's activity.
What are The best way to know whether the balance in the bank account as per the cash book is correct would be to check with an external document which is the bank statement?
You answered your own question, but if you want a completely accurate statement, see if your bank has a website so that you can check your account everyday.
Is a bank statement a utility bill?
No, a bank statement is not a utility bill. A bank statement is a document issued by a bank that summarizes an account holder's transactions, balances, and interest over a specific period. In contrast, a utility bill is a statement from a utility company detailing the charges for services such as electricity, water, or gas provided to a customer. Both documents serve different purposes and are used for different types of financial record-keeping.
