A cash register tape would be a source document for which of the following?
A) recording a purchase of inventory on credit
B) recognizing a cash sale
C) recording an invoice
D) recording payroll

Question

Quizplus · Accepted Answer

A cash register tape is a source document that provides evidence of a cash sale, which is the recognition of revenue from a transaction where the customer pays in cash at the time of the sale. It is not a source document for recording a purchase of inventory on credit, recording an invoice, or recording payroll, which would require different types of documentation.

A Cash Register Tape Would Be a Source Document for Which