Source Document Flashcards
Sale Slip
Service performed in cash
sale invoice
service preformed on account
purchase slip
buying assets or expense
purchase invoice
buying asset or expense on account
what is the opposite of sale slip
purchase slip
what is the opposite of purchase invoice
Sale invoice
cash receipt
payment from customers on account that is deposited into the bank
cheque copy
a company paying its
- liabilities
- expenses
- owner withdrew money
- purchase of asset
what is the opposite of cash receipt
Cheque copy
debit memo
bank charges customer for service, payment of a loan so bank is debited
credit memo
interest revenue, receive a loan so bank is credited
source document
a document that is going to be generated when a transaction occurs, and it supports the type of transaction
why is a source document needed
- to provide evidence
- to avoid financial inflating
