define Main Source Document?
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- A source document is an original record which contains the detail that supports or substantiates a transaction that will be (or has been) entered in an accounting system. In the past, source documents were printed on paper.
rubyishaan1983:
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A source document is the original document that contains the details of a business transaction. A source document captures the key information about a transaction, such as the names of the parties involved, amounts paid (if any), the date, and the substance of the transaction.
Explanation:
Examples of source documents, and their related business transactions that appear in the financial records, are:
- Bank statement. ...
- Cash register tape. ...
- Credit card receipt. ...
- Lockbox check images. ...
- Packing slip. ...
- Sales order. ...
- Supplier invoice. ...
- Time card.
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