Source documents in an accounting information system include sales invoices, purchase orders and:

Question

Quizplus · Accepted Answer

Bank statements are a source of information for recording transactions involving cash transactions, such as deposits or withdrawals. They provide information on the beginning and ending balances, deposits, withdrawals, and other transactions that affect a company's bank account. Therefore, bank statements are an important source document in an accounting information system.

B) Reports of projected stock prices are not source documents in an accounting information system as they do not provide information on transactions that actually occurred.

C) Evaluations of accounting staff are not source documents in an accounting information system as they do not provide any transaction-related information.

D) Currency and coin are not source documents in an accounting information system. While they are used in financial transactions, they do not provide information on the specific details of a transaction that would be recorded in an accounting system.

Source Documents in an Accounting Information System Include Sales Invoices