Which of the following is true of source documents in an accounting information system?
A)All journal entries can be considered as source documents in an accounting information system.
B)Source documents provide control and reliability in an accounting information system.
C)A manual document cannot be considered as a source document in an accounting information system.
D)In a manual accounting information system,source documents refer to financial statements.

Question

Quizplus · Accepted Answer

Source documents provide important information and evidence of transactions in an accounting information system. They help to ensure accuracy and reliability of the recorded data, and also provide a means for internal control over financial processes. Journal entries are not source documents, but are instead a means of summarizing information from source documents for recording in the accounting system. Manual documents can be source documents, and in a manual accounting system, financial statements are not source documents but rather are generated from the recorded data.

Which of the Following Is True of Source Documents in an Accounting