In recording business transactions, evidence that an accounting transaction has taken place is obtained from
A) source documents of the business.
B) the Canada Revenue Agency.
C) the marketing department.
D) the trial balance.

Question

Quizplus · Accepted Answer

Source documents of the business, such as invoices, receipts, and contracts, provide evidence that an accounting transaction has taken place. These documents are the basis for recording transactions in the accounting system.

In Recording Business Transactions, Evidence That an Accounting Transaction Has