The Source Document for Cash Payment Transactions Is a Check.
For example when the business receives cash from a transaction the business prepares the receipt as the source document. The day of the month is written only once on a journal page. Source Documents Definition Importance And Most Common Types An invoice is a source document that shows all details of the sale including payment terms. . A source document is also used by companies as proof when dealing with their business partners usually in regard to a payments. It accompanies payment either by check or. Century 21 Accounting General Journal Approach 6th Edition Edit edition Solutions for Chapter 5 Problem 6QIS. A business paper that verifies that a transaction actually occurred. The checks are prenumbered to help Encore Music account for all checks. The source document for cash payment transactions is a check. The source document used when supplies bought on account are paid for is a check True The journal ...