Source documents I

Business Studies J.S.S 1 Third Term

WEEK 3

Source documents I

Performance Objectives

The student should be able to:

      1. Explain the meaning of source documents.

      2. Mention the uses of source documents.

      3. Explain the content of source documents.

Content

What is a source document?

A source document is a document that contains all information's on the goods and services bought, sold, or paid for by a business. It is the original record of transaction.it states the basic facts of the transaction such as its date, purpose (description of a transaction), the quantity of the goods exchanged, amount of money involved, name of the seller and buyer and so forth.

Uses of source documents

1. Record purposes.

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