Advantages and Disadvantages of Source Documents.
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Source document is the evidence of a particular transaction which is to be entered in the books of accounts.
Advantages of Source Document :
It helps in audit of the Transactions as it acts as Evidence .
It hels to minimize the input of wrong information in the books of accounts .
Accountability of Source document helps to reduce frauds in an organization .
Disadvantages of Source documents :
Source document for each and every transactions is not possible , in such case of transactions their may be possibility of errors or fraud in recording transactions .
For large organisations , too much of transactions result in too much of source documents , in that case it is very difficult to maintain hard copy of source documents .
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Advantages of Source Document :
It helps in audit of the Transactions as it acts as Evidence .
It hels to minimize the input of wrong information in the books of accounts .
Accountability of Source document helps to reduce frauds in an organization .
Disadvantages of Source documents :
Source document for each and every transactions is not possible , in such case of transactions their may be possibility of errors or fraud in recording transactions .
For large organisations , too much of transactions result in too much of source documents , in that case it is very difficult to maintain hard copy of source documents .
PLEASE MARK ME BRAINLIEST.....
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Advantages of Source Document : It helps in audit of the Transactions as it acts as Evidence . It hels to minimize the input of wrong information in the books of accounts . Accountability of Source document helps to reduce frauds in an organization
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