Hopefully this post helps you understand the role and function of source documents such as invoices and introduces the books of prime entry and the ledgers. We then look at the link between source documents and books of prime entry and the accounting ledgers. It is a basic topic that I believe as the fundament of the accounting knowledge. Source Documents Business transactions are nearly always recorded on a document. These source documents contain information that is fed into an [...]
Archive for Category: "Petty Cash"
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