How do you source a document?
How does one cite a source?For books: author, title, place of publication, publisher, and publication year.For articles: author, title of article, title of journal, volume, issue, date, and page numbers.For web page resources: author, title of page, Web address or URL, and date of access.
Who prepares the source document?
Each time a company makes a financial transaction, it generates some paper trail. Accountants call this paper trail a source document or documents. If a small business writes a check from its checking account for office supplies, for example, the check and office supplies receipt become the source documents.
What is the purpose of source document?
The source document is a good internal control and provides evidence a transaction occurred. Providing source documents to your bookkeeper or accountant in a timely manner assists them in preparation of financial statements and accurately analyzing your business activity.
What are the features of source document?
Features of Source DocumentsDate of transaction.Names and addresses of parties involved in the transaction.Description of the goods or services.Amount involved.Terms and conditions related to trade discounts, cash discount and other details related to delivery.Signature of the concerned parties.
What are accounting supporting documents?
In the accounting industry, source documents include receipts, bills, invoices, statements, checks – i.e., anything that documents a transaction. Any time a business spends or receives money, a source document is created. Source documents are an integral part of the accounting and bookkeeping process.
What are the 4 parts of a journal entry?
Date, debit, credit and source document. State the four parts of a journal entry. Add each of the amount columns, add the debit column totals and then add the credit column totals, verify the total debits and total credits are equal.