Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 39 - No. 47)
What is the purpose of a 'source document'?
To record transactions in the general journal.
To summarize account balances.
To provide evidence that a transaction has occurred.
To calculate profit or loss.
Explanation
A source document provides documentary evidence of a transaction. Examples include invoices, receipts, and bank statements.
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