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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Which of the following is an example of source documents?

  1. a. Canceled checks
  2. b. Vendor invoices
  3. c. Receipts
  4. d. All of the above

To determine

Find the correct option, the option that indicates an example of source document.

Explanation

Source documents: The documents which contain evidence of accounting data to record the transactions are referred to as source documents. Some examples of source documents are purchase invoice, sales invoice, bank checks, and bank deposit-slips.

Justification for correct answer: Source documents provide potential proof for the transaction that is recorded. Checks, invoices, receipts are the source documents for the business transactions. Hence, option (d) is correct...

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