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QUESTION IMAGE

multiple select question select all that apply which of the following w…

Question

multiple select question
select all that apply
which of the following would be considered a source document in an accounting system?
budget
sales receipt
checks
purchase order
payroll records
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Explanation:

Brief Explanations
  • Sales receipt: Provides evidence of a sales transaction, used to record revenue.
  • Checks: Document payments made, used for recording cash outflows.
  • Purchase order: Initiates a purchase, serves as a source for recording purchase commitments.
  • Payroll records: Document employee earnings and deductions, used for payroll accounting.
  • Budget: Is a planning tool, not a source document (source documents record actual transactions).

Answer:

B. Sales receipt, C. Checks, D. Purchase order, E. Payroll records