In recording business transactions, evidence that an accounting transaction has taken place is obtained from

Question

Business

Ezra Bright

13 February, 18:35

In recording business transactions, evidence that an accounting transaction has taken place is obtained from

+2

Answers (1)

Know the Answer?

Holden Barrett · Answer 1

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.