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Source documents provide details about a financial change in the business
What else can I help you with?
Is a ledger considered a source document?
No. Source documents provide details about a financial change in the business and they are proof that a transaction has occurred. They can be sales receipts, invoices and cheques.
What is a form of proof as to the stock transaction mostly obsolete nowadays?
stock certificate
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
Is a transaction code used for bank transactions?
Transaction codes are used by banks to determine what time if transaction has occurred at the bank. Everything from a code used for a deposit to a checking account to another different code used to make a loan payment.
Which source document is used for cash sales?
The source document used for cash sales is typically a sales receipt. This document serves as proof of the transaction, detailing the date, amount of the sale, and the items sold. It is essential for record-keeping and accounting purposes, as it confirms that a cash sale has occurred.
Can you provide me with PayPal screenshot proof of the transaction?
I can provide you with a screenshot of the PayPal transaction as proof.
Is a ledger considered a source document?
No. Source documents provide details about a financial change in the business and they are proof that a transaction has occurred. They can be sales receipts, invoices and cheques.
Is a transaction written proof?
Yes, a transaction is typically a written or digital record that provides proof of an exchange of goods, services, or funds between two parties. This record includes information such as the date, amount, and description of the transaction.
Can you provide a PayPal refund screenshot as proof of the transaction?
I can provide a screenshot of the PayPal refund transaction for verification.
What if your ex borrowed a lot of money off you you have a record of him saying he will pay it back but he refuses you have records of the bank transfers do you have a legal stance?
Yes ! If you have physical proof the transaction occurred - you can pursue him through the small-claims court.
WHAT DOES POP MEANS IN A GOLD TRANSACTION?
In a gold transaction, "POP" typically stands for "Proof of Purchase." It refers to documentation that verifies the legitimacy of the transaction, such as receipts or certificates. This proof is essential for establishing ownership, ensuring the authenticity of the gold, and facilitating future resale or claims.
What is a form of proof as to the stock transaction mostly obsolete nowadays?
stock certificate
When is a receipt used?
A receipt is used as a proof of transaction between a buyer and a seller, typically issued after a purchase is made. It details the items bought, prices, date of the transaction, and payment method. Receipts are important for record-keeping, returns, and warranty claims, as they verify that a purchase occurred. They are also used by businesses for accounting and inventory management purposes.
What is meant by nature of a transaction?
The phrase 'the nature of the transaction' refers to the kind of transaction that occurred. Some examples are a credit sale, a return, and a cash sale.
Which is not proof that a chemical change has occurred?
Change in color is not proof that a chemical change has occurred. A change in color can sometimes be the result of a physical change without any new substances being formed.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
Is substance melts proof that a chemical change has occurred?
no unless there is a chemical change but there isn't. only a physical change has occurred
