Source Documents
<h1><strong>SOURCE DOCUMENTS</strong></h1> CONTENT <ol> <li>Systems of Book-keeping</li> <li>Meaning of Sources Documents</li> <li>Examples of Source Documents</li> </ol> <h2><strong>Systems of Book-keeping</strong></h2> Bookkeeping has two major system used by businesses and other organisations. These include: <ol> <li>Single-entry system: This uses only income and expenses accounts, recorded primarily in revenue and expenses journal.</li> <li>Double-entry system: This requires posting each transaction twice, using debits and credits. This study will be limited to single entry system.</li> </ol> <h2><strong>Meaning of Sources Documents</strong></h2> These are documents in which original business transactions are first recorded before been transferred into subsidiary books of account. <h2><strong>Examples of Source Documents</strong></h2> Examples of source documents are: