Types of Source Documents - SS1 Accounting Lesson Note
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Sales receipts - a record of the sale of goods or services to a customer, including the date, amount, and description of the items sold.
Purchase invoices - a document sent by a supplier to a buyer that provides a detailed description of goods or services purchased, including the date, amount, and terms of payment.
Bank statements - a monthly record of all transactions on a bank account, including deposits, withdrawals, and fees.
Payroll records - documents related to employee wages and salaries, such as time sheets, pay stubs, and tax forms.
Shipping documents - documents that provide information about the shipment of goods, including bills of lading, delivery notes, and packing slips.
Contracts - legal agreements between parties that outline the terms of a transaction or arrangement.
Receipts for expenses - documents that show the cost of goods or services purchased for business use, such as receipts for travel expenses, office supplies, or equipment.
Credit notes - documents that provide evidence of a credit issued to a customer, typically used in situations such as returns or refunds.
Debit notes - documents that provide evidence of a debit issued to a supplier, typically used in situations such as returns or adjustments to accounts payable.
Cheques - documents that serve as proof of payment for goods or services, issued by a buyer to a seller, and typically include information such as the date, amount, and payee.