Which of the following would be a case where an event as a transaction is not supported by a source document?
A)a purchase of inventory on credit
B)a cash sale
C)the financial consequences of a fire loss
D)recording payroll

Question

Quizplus · Accepted Answer

A source document is a paper or electronic record that provides evidence of a financial transaction. In the case of a fire loss, there may not be a specific source document that records the financial consequences of the event. However, there may be other documents such as insurance claims or repair invoices that could serve as supporting evidence for the transaction. In all the other options, there would be a source document to support the transaction: a purchase order or invoice for inventory on credit (A), a cash register receipt for a cash sale (B), and a payroll register for recording payroll (D).

Which of the Following Would Be a Case Where an Event