We defined a source document as a business record used as evidence that a transaction has occurred.

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We defined a source document as a business record used as evidence that a transaction has occurred.

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Name the source documents you think a business would use as evidence for each of the transactions listed below:

a Receipt of cash from the owner for additional investment in the business b Payment by cheque to purchase office equipment c Purchase of office supplies on credit d Sale of office equipment at its original purchase price to a local accountant e Purchase of fire and injury insurance protection f Sale of inventory on credit.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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