Question

Identify the items from the following list that are likely to serve as source documents. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Purchase order ? Liability accounts Balance sheet 2 Company revenue account Bank statement 2 Trial balance ? Income statement ? Check Utilities bill

Answer 1

Answer

Source documents is an original record which contains details that supports a transaction.

Correct asnwer from list are

1- Purchase order-Use to verify the order place, the quantities and price

2-Bank statement-Used to verify bank balances

3-Check-Used to pverify the amount paid and part named on check

4-Utilities Bill-To check the amount of expense paid

All these documents are used for recording trnsaction and provide details of transaction.

All other accounts are ledger accounts and financial statements which are not source document.