What is source documents of accountancy??
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Source documents of accountancy―
Source documents are the first record about the details of a business transactions.Such documents report the date,the amount, parties involved and the nature of transaction.Entries in the books are always made from the source documents.
Source documents of accountancy―
Source documents are the first record about the details of a business transactions.Such documents report the date,the amount, parties involved and the nature of transaction.Entries in the books are always made from the source documents.
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A source document is the originalrecord containing the details to substantiate a transaction entered in an accounting system. For example, a company's source document for the recording of merchandise purchased is the supplier's invoice supported by the company's purchase order and receiving ticket.
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