what are source document
why source document
the first document that exists relating to a transaction.serve as proof
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) indicated payment terms "bills"
confirm that services or goods have been received normally relate to cash transactions
proof that cash has been deposited in a bank account
this is the part of the check kept by the drawer(writer) of the check as a record of the transaction
report showing: the amount owned by one business to another details of transactions between the two businesses.
proof of internet transactions
what is a ledger
a bunch of t-accounts grouped together the main ledger is called the general ledger. virtually all t-accounts in a buissnes fall under the general ledger
4-1 : source documents