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SubjectPaid lesson

SOURCE DOCUMENTS

ClassNotes Team 6 MIN READUPDATED 15 JUN 2026

FINANCIAL ACCOUNTING SSS1 FIRST TERM               

WEEK 8

SOURCE DOCUMENTS

Performance Objectives

Students should be able to:

  • Define Source Documents
  • Lists examples of Source Documents
  • Lists features and Uses of Source Documents

NOTES

Source documents are the instruments that are generated when businesses enter into business transactions with others.

They are the written evidence of business transactions that describe the essential facts of those transactions. They are used in preparing the books of account.

Every business transaction whether cash transaction or credit transaction must be supported (or evidenced) by a source document. The source documents are the original documents on which information about the transactions is recorded.

It follows therefore that accounting records can only be verified when the appropriate source…