Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 38)

Which of the following is a characteristic of a source document?
It is used to record transactions in the general ledger.
It is prepared after the general ledger entries are made.
It provides the initial information for recording a transaction.
It is only used for cash transactions.

Explanation

It provides the initial information for recording a transaction.

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