Source documents:
A) Are input devices.
B) Provide the basic information processed by an accounting system.
C) Cannot be electronic files.
D) Store processed information for future use.
E) Cannot be paper documents.

Question

Quizplus · Accepted Answer

Source documents provide the basic information processed by an accounting system, such as invoices, receipts, and purchase orders, among others. They are used as evidence of transactions and financial events and serve as the basis for recording and storing data in an accounting system. Options A, C, D, and E are not accurate as they either do not describe the nature of source documents or make incorrect statements about them.

Source Documents