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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Multiple Choice

Which of the following is not a source document?

(a) Check stub

(b) Cash register tape

(c) Journal entry

(d) Purchase invoice

To determine

Identify the option that does not come under the category of source document.

Explanation

Source documents:

A document that provides information about the company’s business transaction is known as source documents. Some of the examples of the source document are check stubs, cash register tapes, purchase invoices from the suppliers and sales invoices issued to the customers or clients.

Justification for incorrect answer:

Option a:

Check stub is a source document because it helps in entering the transactions in the accounting system. Moreover, when someone questions about the accounting records source documents are used as an evidence for the accuracy of the accounting records and they are filed for future reference. Therefore, Option a (check stub) is an incorrect answer because it is one of the source documents.

Option b:

Cash register tape is a source document because it helps in entering the transactions in the accounting system. Moreover, when someone questions about the accounting records source documents are used as an evidence for the accuracy of the accounting records and they are filed for future reference...

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