Accounting L2

Question 1

Accounting Process

Answer 1

Accounting is a management information system that involves the collecting, sorting, classifying and record of financial data to produce and report financial information to assist business owners in decision making

Question 2

4 stage of accounting process

Answer 2

Source Documents, records, reports, and advice

Question 3

Each type of source document

Answer 3

Receipt, EFT receipt, Cheque Butt, Invoice Memo, Bank Statment

Question 4

Evidence of Source

Answer 4

DO NOT LISTEN TO TAX INVOICE