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SOURCE DOCUMENTS

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Systems of Book-keeping

Bookkeeping has two major system used by businesses and other organisations. These include:

Single-entry system: This uses only income and expenses accounts, recorded primarily in revenue and expenses journal.
Double-entry system: This requires posting each transaction twice, using debits and credits. This study will be limited to single entry system.

These are documents in which original business transactions are first recorded before been transferred into subsidiary books of account.

Examples of source documents are:

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