Thursday, 18 August 2016

Which of the following is not an example of a source document that provides evidence of a transaction?

The complete effect of a transaction on the accounts is disclosed in the journal.

Entry field with correct answer
True

False


A trial balance is a listing of

Entry field with correct answer
the totals from the journal pages.

transactions in a journal.

the chart of accounts.

general ledger accounts and balances.

Which of the following is not an example of a source document that provides evidence of a transaction?

Entry field with correct answer
A sales slip

A trial balance

A cash register tape

A cancelled check

A trial balance does not prove that all transactions have been recorded or that the ledger is correct.

Entry field with correct answer
True

False

In recording accounting transactions, evidence that a transaction has taken place is obtained from

Entry field with correct answer
the Securities and Exchange Commission.

source documents.

the Internal Revenue Service.

the public relations department.

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