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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.

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A source document is the original document that supports the posting of an accounting entry such as a cash receipt or an invoice.


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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.


Why are adjusting entries needed at the end of accounting period?

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Is a credit adjustment note a source document?

Yes, a credit adjustment note is considered a source document. It serves as evidence of a transaction where a seller reduces the amount owed by a buyer, often due to returns, discounts, or pricing errors. This document is essential for accounting and auditing purposes, as it provides a clear record of adjustments made to sales and accounts receivable.


What is a source document for payment payroll?

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