Which of the Following Is a Source Document That Provides

question 50

Multiple Choice

Which of the following is a source document that provides the evidence and data for accounting transactions?

• A) Journal
• B) Sales invoice
• C) Ledger
• D) Trial balance

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Definitions:

Cash

A form of liquid asset that represents immediate purchasing power and can be used for transactions or as a reserve for future payments.

Receivables

Balances owed by customers for the consumption or acquisition of goods and services provided by a company, pending payment.

Accrued Salaries

Salaries that have been earned but not yet paid out to employees.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.