What are the 5 source documents in accounting?

What are the 5 source documents in accounting?

Examples of source documents, and their related business transactions that appear in the financial records, are:

  • Bank statement.
  • Cash register tape.
  • Credit card receipt.
  • Lockbox check images.
  • Packing slip.
  • Sales order.
  • Supplier invoice.
  • Time card.

What are the source documents of accountancy?

This paper trail is referred to in accounting as source documents….The most common documents are:

  • Checks.
  • Invoices.
  • Receipts.
  • Credit memos.
  • Employee time cards.
  • Deposit slips.
  • Purchase orders.

What are the types of source document?

The types of sources documents are:

  • Purchase order.
  • Cash receipt.
  • Invoice.
  • Cash register.
  • Tapes.
  • Credit.
  • Debit note.
  • Deposit ships.

How many source documents are there in accounting?

In this article, we are going to explain to you the 11 types of source documents.

What is the source document for cash book?

cash memos
Cash Memo: For recording cash sales and cash purchases, cash memos serve as source documents. Cash memo is a source document in which all transactions pertaining to cash sales or purchases are to be recorded.

What are the basic accounting documents?

They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity. Balance sheets show what a company owns and what it owes at a fixed point in time.

Who gets source document?

Both businesses (or people) involved in the transaction will get a copy of the accounting source document produced. The documents come in all sorts of shapes, sizes, colors and types of paper. They can be on physical paper or electronic files like PDF.