A source document serves important functions in the accounting system.Which of the following is not one of those functions?
A)Provides the output data for financial reports
B)Serves as part of the permanent audit trail
C)Triggers beginning of business processes
D)Provides the input data to record the transaction

Question

Quizplus · Accepted Answer

Source documents provide input data to record the transaction, serve as part of the permanent audit trail, and trigger the beginning of business processes. However, they do not provide output data for financial reports. Output data for financial reports is generated from the system's accounting records and is not the function of source documents.

A Source Document Serves Important Functions in the Accounting System