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

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08-09-2018
Business

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

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MrsTriplet MrsTriplet · Answer 1 · 2018-09-17T16:32:29+02:00

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.