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Commerce · Q666

Costing

Graduate and Post Graduate · Commerce · question 666

Q666

In an accounting system, document which supports journal entries is classified as

A.
cost document
B.
priced document
C.
source document
Answer
D.
direct document

Answer: Option C

Solution

Answer: Option C
Solution:
In an accounting system, document which supports journal entries is classified as source document. A source document is an original record which contains the detail that supports or substantiates a transaction that will be (or has been) entered in an accounting system.