Ask Question
BusinessBusiness
30 November, 04:47

In recording business transactions, evidence that an accounting transaction has taken place is obtained from

+3
Answers (1)
  1. 30 November, 05:10
    0
    In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In recording business transactions, evidence that an accounting transaction has taken place is obtained from ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On January 14, Tamarisk, Inc. purchased supplies of $520 on account. The entry to record the purchase will include a debit to Supplies and a credit to Accounts Payable. a debit to Supplies expense and a credit to Accounts Receivable.
Answers (1)
In 2017, bombay corporation had cash receipts of $21,000 and cash disbursements of $12,000. the company's ending cash balance at december 31, 2017 was $33,000. what was the beginning cash balance
Answers (1)
On December 1, after making a concerted effort, management determines that it will be unable to collect $1,200 owed to it by one of its customers. This company uses the allowance method to account for uncollectible accounts.
Answers (1)
The yield to maturity on a discount bond is: Question 19 options: equal to both the coupon rate and the current yield. equal to the current yield but greater than the coupon rate. greater than both the current yield and the coupon rate.
Answers (1)
Arizona's original economy was based on the "four cs." what did they represent?
Answers (1)
New Questions in Business
Which system allows critical business decisions to be made in a timely manner?
Answers (1)
The method of inventory costing in which direct manufacturing costs and manufacturing overhead costs, both variable and fixed, are considered as inventoriable costs is best described as:
Answers (1)
Gabrio Inc. is a merchandising company. Last month the company's merchandise purchases totaled $87,000. The company's beginning merchandise inventory was $19,000 and its ending merchandise inventory was $11,000.
Answers (2)
A project is expected to increase inventory by $15,501, increase accounts payable by $8,865 and decrease accounts receivable by $1,246. What is the project's cash flow from net working capital at time zero?
Answers (1)
One of the disadvantages of issuing stock is that
Answers (2)
Home » Business » In recording business transactions, evidence that an accounting transaction has taken place is obtained from
Sign Up Forgot Password?