Identify which of the following items would likely serve as a source document by marking an X in the appropriate column.The first one is done as an example.
Definitions:
Ledger Accounts
A complete record of all the financial transactions over the life of a company, organized by account.
Journal Entries
Recorded transactions or adjustments in the financial records of a company, marking the debit and credit of accounts affected by business operations.
Debt Ratio
A ratio indicating the level of a firm's indebtedness by dividing its total obligations by its overall assets.
Financial Leverage
The use of borrowed funds to increase the potential return on investment.
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