Question

Accountants use _______________ to provide the evidence and data for recording transactions

Answer 1

Accountants use source documents to provide the evidence and data for recording transactions.

More about source documents:

The original record of a commercial transaction is referred to as a source document. A source document records crucial details regarding a transaction, including the people involved, any payments made, the date, and the details of the transaction itself.

In order to distinguish source document in the accounting system, they are typically assigned a special number. Pre-numbering documents is very helpful because it enables a business to check for missing documents.

The source document is archived and index for quick access after the data in it has been entered into the accounting system.

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