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Q: The source document for all cash payments is a sales invoice?
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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.


What source document is ed to record credit sales?

Duplicate copy of tax invoice


A source document for cash payments is a?

my guess is a cash sales slip not sure tho.


What is the definition of a credit sales invoice?

A sales invoice is a commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment. Also known as a "bill", "statement" or "sales invoice".


What is the difference between sales tax invoice and commercial invoice?

An invoice is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services that the Seller has already provided the Buyer with. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms.while sales tax invoice is the where all the taxes that are required by law are reported along with the price of product.

Related questions

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.


What source document is ed to record credit sales?

Duplicate copy of tax invoice


A source document for cash payments is a?

my guess is a cash sales slip not sure tho.


What is the document that generates recording of a sale is?

Sales invoices are source documents that provide a record for each sale. For control purposes, sales invoices should be sequentially prenumbered to help the accounting department determine the disposition of every invoice. Sales revenuesequal the selling price of all products that are sold. In accordance with the revenue recognition principle, sales revenue is recognized when a customer receives title to the merchandise, regardless of when the money changes hands. If a customer purchases merchandise at a sales counter and takes possession of the goods immediately, the sales invoice or cash register receipt is the only source document needed to record the sale. However, if merchandise is shipped to the customer, a delivery record or shipping document is matched with the invoice to prove that the merchandise has been shipped to the customer.http://www.cliffsnotes.com/study_guide/Recording-Sales.topicArticleId-21081,articleId-21033.html


What is the definition of a credit sales invoice?

A sales invoice is a commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment. Also known as a "bill", "statement" or "sales invoice".


What is the difference between sales tax invoice and commercial invoice?

An invoice is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services that the Seller has already provided the Buyer with. An invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the agreed terms.while sales tax invoice is the where all the taxes that are required by law are reported along with the price of product.


How can you create a spreadsheet using sales invoice template?

how you can create a spreadsheet using sales invoice template


How do you prepare sales invoice in tally with discount?

How we issue discounted invoice in tally


What is the meaning of a credit sales invoice?

Please provide more information/context/clarification to help us answer this question. You can post your response in this answer text by clicking "Edit."


How is calculator tape used as a source document for cash payment journals?

daily sales


What is the purpose of sales invoice?

stupidity of humanity


What is the purpose of sales-invoice?

stupidity of humanity