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Created by loganortiz22
over 7 years ago
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Description
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4-1 Source DocumentsWhat is a source document? Invoice
The first document that exist relating to a transaction.Serve as proof for 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 services have been delivered) Indicate payment terms(time) Bills Receipts Confirm that services or goods have been received Normally relate to cash transactions Deposit Slip proof that cash, including currency and checks, has been deposited in a bank account Check Counterfoil This 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 transactions between the two businesses
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