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Name: Question: 1. What is the correct source documents for direct deposit
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Description: Question: 1. What is the correct source documents for direct deposit by customer of business. 2. What is the correct source documents for owner of business takes goods from the business for his own use. reqiured: please answer this question by givin

Business

Accounting

What is the correct source documents for direct deposit by customer of business.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question: 1. what is the correct source documents for owner of business X took goods from the business for his own use. option: a) invoice issued by business X . b) Receipts issued by business X. c) Bank credit advice. d) internal memo. e) cash sales slip. f) Cheque butt . h) credit note issued by business X. reqiured: please answer this question by choosing the right source document.
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Due to this accounting principle I have to store the accounting documents for example invoices, cash receipts etc. for the predetermined time periods as I need to be able to prove the data used in the accounting. Select one: a. consistency principle b. prudence principle c. full disclosure principle d. reliability principle