transactions and source documents

transaction

any commercial event taking place in the business

source document/documentary record

proof that a transaction took place

sales invoice

issued by seller, sale of goods/services on credit

purchase invoice

purachse of goods/services, received from seller

receipt

sales or purchases of goods or services by cash

credit note

issued to customer when they issue debit note

return goods by customer

return goods to supplier, issue debit note and recive credit note

pay slip/wage sheet

recording/payment of wages/salaries

cheque counterfoil

payment to supplier or any other expense by cheque

kept by us

statement of account

sent summary of transactions to customer

bank statement

summary of transactions received from bank

invoice

sale/purchase of NCA on credit