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 evidence and support for accounting transactions in an accounting system. They help ensure the accuracy, completeness, and reliability of the financial information recorded in the system. Examples of source documents include invoices, receipts, purchase orders, and bank statements. Journal entries, on the other hand, are the result of analyzing and summarizing the information from source documents, and not necessarily considered source documents themselves. Manual documents can be source documents as long as they provide sufficient evidence of a transaction. Financial statements are not considered source documents, but rather the end result of processing and summarizing the information from the source documents.

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