What Is the Purpose of Developing a Source Document

question 52

Multiple Choice

What is the purpose of developing a source document?

• A)It is only an external document.
• B)It provides transaction data that can be recorded in a database.
• C)It is only used to record a transaction between an organization and an outside vendor.
• D)It is only an internal document.

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Definitions:

Contractual Advantage

An upper hand or benefit a party has in a deal or agreement due to specific contract terms.

Distributorship

A business authorized to sell or distribute a company's goods or services in a specific area or market.

Radical Innovations

Innovations that represent a significant departure from existing practices and often create new markets or transform existing ones.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant historical, political, and socio-economic changes.