Question: What are source documents? Provide examples of source documents that a business might use 6. Where are transactions initially recorded? 7. What is the purpose

What are source documents? Provide examples of source documents that a

What are source documents? Provide examples of source documents that a business might use 6. Where are transactions initially recorded? 7. What is the purpose of the trial balance? 8. What is the difference between the trial balance and balance sheet? 9. If total debits equal total credits on the trial balance, is the trial balance error-free? Explain your answer 10. What is the calculation for the debit ratio? Explain what the debt ratio evaluates

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