Origin of Transactions: Source Documents of Accountancy — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountOrigin of Transactions: Source Documents of Accountancy1 Mark
Question
Why is the evidence provided by source documents important to accounting?
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Answer
These documents are written and authentic proof of the correctness of recorded transaction. They are required for audit of accounts and tax assessments. They also serve as legal evidence in case of a dispute.
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