source documents

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Source Documents and their uses

• Accounting is the systematic recording of financial transactions in monetary terms.
• Every time a business makes a transaction in the real world a paper trail is created.
• The paper trail is known as/are a source document(s)
• A source document is the original document that shows that a transaction took place.
• For […]