Source documents are associated with _____.
A)adjusting entries
B)implicit transactions
C)explicit transactions
D)all of these answers are correct

Question

Quizplus · Accepted Answer

Source documents are associated with explicit transactions, which are transactions that can be directly traced and recorded, such as a sales receipt or invoice. Adjusting entries are made at the end of an accounting period to ensure that financial statements are accurate, but they are not source documents. Implicit transactions, which are transactions that are inferred from other transactions, also do not involve source documents.

Source Documents Are Associated with _____