1. What is a source document?
1.1. A source document is a written document that provides details of a transaction and the evidence that the transaction has taken place.
2. Types
2.1. Invoice
2.1.1. Informs how much to be paid for the goods or services supplied.
2.2. Credit Note
2.2.1. It informs the buyer about the amount credited do the buyers account.
2.3. Debit Note
2.3.1. It informs the buyer about the extra amount which has to be paid to the seller.
2.4. Payment voucher
2.4.1. It records the payment of money to a third party.
2.5. Cheque and cheque counterfoil
2.5.1. It contains information related to cheques issued by the business. It usually informs about the cheque number, payee’s name and the amount paid.
2.6. Receipt and cash register slips
2.6.1. It acts as an acknowledgement for the payment received.
2.7. Bank statement
2.7.1. It contains information related with money deposited into the bank and money withdrawn out of the bank statement account during a particular period of time.
2.8. Petty cash voucher
2.8.1. The petty cash voucher is an important form of evidence for reconciling the remaining cash in the petty cash box