What are Source Documents?
Invoice Receipt Deposit Slip Check Counterfoil Statement Payment Confirmation
Why Source DocumentsThe first documents that exist relating to a transaction.Serve as proof of a transaction. (Include date and time. )
Invoices Normally relate to credit transactions List goods or services provided and their prices Suppliers normally send an invoice with goods (or once service has been delivered) Indicate payment terms (time) "Bills"
Receipts Confirm that services or goods have been received. Normally relate to cash transactons
Deposit Slip Proof that cash has been deposited in a bank account.
Check CounterfoilThis is the part of the check kept by the drawer (writer) of the check as a record of the transaction
Statement A report showing the amount owed by one business to another Details of the transactions between the two businesses.
Payment ConfirmationProof of internet transactions