In an accounting information system,source documents are the documents which ________.
A)are audited and presented to the Securities and Exchange Commission
B)detail the strategic planning of the business
C)have complete information about the financial statements
D)provide the evidence for accounting transactions

Question

Quizplus · Accepted Answer

Source documents provide the evidence for accounting transactions. They are the original documents that record a transaction and serve as proof that it occurred. Examples of source documents include invoices, receipts, checks, purchase orders, and bank statements. These documents are used to create the financial statements and are necessary for auditing purposes. Therefore, choice D is the correct answer.

In an Accounting Information System,source Documents Are the Documents Which