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Answered 2014-11-19 23:13:53

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.

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Which are the five source documents in accounting?

what are the five source of document in accounting

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.

Role of accounting department?

The role of the accounting department is very important because they document the money that goes out and the money that goes in. They also handle payroll and tax deductions.

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.

Using a memorandum as the source document for a dishonored check is an application of the accounting concept Objective Evidence?

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The point of accounting is to make sure all the money is accounted for. This allows businesses to know what is being spent where so they can stay fiscally responsible.

Types of source document?

A source document is the original record containing the details to substantiate a transaction entered in an accounting system. Source documents include original invoices sent or received, cash receipts, cancelled checks, credit memo for a customer refund, and employee time sheets.

Role of managerial accounting?

Managerial accounting play a vital role in managers life,Life is veyi easy due to managerial accounting

The source document should be written in the?

The source document should be written in the?

What is the role of math in accounting?

accounting is basic math so you kind of need it to do accounting

Role of cost accounting in managerial decision making?

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What is the role of statistics in accounting?

Statistics play a very vital role in accounting. They help in the interpretation of data which is crucial for making proper accounting decisions.

What is a source document for payment payroll?

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The failure to document a source on a paper?

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What is the role of mathematics in accounting?

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The source document for insurance claim data is the clean bill.

What is the Role of accounting information in accessing corporate performance?

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What is the role of accounting equation in the study of accounting equation?

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Discuss the role of accounting in modern business.?

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Where items are copied to in a word document?

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What is the role of finance in accounting?

the departments work

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What is contained in the merge field in a data source document?

A placeholder in the main document that marks where a value is inserted from a source.