Source Documents

Accounting Chapter 3 from Claudia Bienias Gilbertson, Mark W. Lehman Century 21 Accounting: Multicolumn Journal 11th Edition Checks, invoices, sales invoices, receipts, memorandums, calculator tapes, source document, objective evidence

Checks

A business form ordering a bank to pay cash from a bank account

Source document for cash

Invoice

A form describing the goods or services sold, the quantity, the price, and the terms of sale is called an

when services are sold on account

Sales Invoice

An invoice used as a source document for recording a sale on account. A sales invoice is also referred to as a sales ticket or a sales slip

source document for recording a sale on account

Receipts

A business form giving written acknowledgement for cash received

source document for cash received from transactions other than sales

Memorandums

A form on which a brief message is written to describe a transaction

used when there is no other source document for a transaction or when an additional explanation is needed about a transaction

used for debit cards and electronic funds transfer

Calculator Tape

A printing electronic calculator that can total the amount of cash received from sales for that day

source document for daily sales

Source Document

A business paper from which information is obtained for a journal entry

Objective Evidence

The accounting concept ___ is applied when a source document is prepared for each transaction