Source Documents Chapter 6

Source Documents Shows the _______ of the transaction and provides all the _____________ needed to account for it properly. Necessary ______ of transactions! Proof is perfection! Types:  Cash Sales Slips  Sales Invoice  Purchase Invoice  Cheque Copies  Other In any sales transaction, the party that sells is known as the ________ and the party that buys is known as the _____________.

Source Documents: Cash Sales Slips Record of all ________ received – details of a transaction in which goods and services are _____________________ ________________ Often called ________ __________  ________ Summaries Transaction: dr _______; cr ______________

Source Documents: Sales Invoice Sale on credit (account) – details of a transaction in _________________ _________________ ___________ Transaction: dr _______; cr ______________

Source Documents: Purchase Invoice A form representing a ___________ of goods and services on ____________. Transaction: dr ______; cr __________ * _____________________________ Transaction: dr ______; cr __________ * _____________________________

A document supporting the accounting entry for a _____________ by cheque Transaction: dr ___; cr __________ * __________________________ Transaction: dr ___; cr __________ * __________________________ Source Documents: Cheque Copies from _____________ perspective

A document supporting the accounting entry for a ___________ by cheque Transaction: dr __________; cr A/R Source Documents: Cheque Copies from ____________ perspective

Source Documents: Other _______: e.g., owner withdraws supplies for personal use; ________________________ ______________: bank gives you cash, e.g., interest; ________________________ _____________: bank withdraws cash from your account, e.g., service charge; ________________________