The Original Record That Supports Journal Entries in an Accounting

question 70

Multiple Choice

The original record that supports journal entries in an accounting system is the:

• A)job sheet.
• B)direct costs.
• C)indirect costs.
• D)source document.
• E)direct materials.

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Definitions:

Authorized Indorsements

Pertains to the legally approved signatures or endorsements on documents, especially checks or negotiable instruments, that authorize their use or transfer.

Illegality

The state or condition of being contrary to the law or violating legal norms or provisions.

Obligation

A legal or moral duty to do or not do something, often arising from contracts, law, or personal commitments.

Instrument Void

A legal term indicating that a document, typically a contractual agreement, is null and has no legal effect.