The source document for a cash sale could be a:
A) purchase order.
B) credit card slip.
C) cheque butt.
D) credit note.

Question

Quizplus · Accepted Answer

A cash sale refers to a transaction that involves the exchange of goods or services for cash, and the source document for such a transaction would be a credit card slip. This slip serves as proof of purchase and contains details such as the total amount paid, the date of purchase, and the name of the cardholder. Purchase orders are used to request goods or services from a supplier, cheque butts are records of issued cheques, and credit notes are documents issued when goods are returned or services are canceled, so they would not be appropriate as source documents for cash sales.

The Source Document for a Cash Sale Could Be A