Chapter 6.2: Source Documents

cash sales slip.png

A cash sales slip is a business form showing the details of a transaction in which goods or services are sold to a customer for cash.

 

sales invoice.png

A sales invoice is a business form showing the details of a transaction in which foods or services are sold on accounts, usually there is an original and several copies.

A point of sale (POS) terminal is a computerized sales register that allows a business and its customers to exchange funds electronically, and a POS summary provides sales information for a particular day.

A transaction log is a document generated by a POS terminal that contains detailed information about each transaction, this information includes each customer’s name and card number.

purchase invoice.jpg

A purchase invoice a business form representing a purchase of goods or services on account.

cheque

A cheque copy is a document supporting the accounting entry for a payment by cheque, usually paid for things bought on account and supported by purchase invoices on file.

A cash receipts daily summary is a business paper that lists the money coming in from customers, it is the source document for the accounting entries for cash receipts; shows the names of the customers and the dollar amounts sent.

remittance advice

A remittance advice is a form accompanying the cheque explaining the payment.

A bank debit advice is a bank document informing the business of a decrease made in the business’s bank account, and a bank credit advice is a bank document informing the business of an increase made in the business’s bank account.

 

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