VCE Accounting Unit 3. Video of this presentation can be found on my YouTube channel here https://www.youtube.com/channel/UCf5jyuJoYwie8tWfvjEc0zg.

1. 3.2
SOURCE DOCUMENTS

2. Video of this presentation at…
YouTube Channel for VCE Accounting

3. © Michael Allison. Author’s permission required for external use.
 Source documents help support Reliability
Reliability:
Information is reliable if it:
• Is free from error, bias, personal opinions and estimates
• Is based on data that can be checked or verified
• Has a source document to verify it
3.2 SOURCE DOCUMENTS
Receipts Cheque Butts Invoices Memos
Statements of
Accounts

4. © Michael Allison. Author’s permission required for external use.
 In every transaction there is an original and a copy of the source document
The buyer always gets the
original source document
The seller always issues the
document and gets a copy of
the source document
3.2 SOURCE DOCUMENTS
Buyer Seller
Original
Copy

5. © Michael Allison. Author’s permission required for external use.
 Types of source documents…
Cash Transactions Credit Transactions Other
Cash receipt
Cheque butt
Sales invoice
Purchase
invoice
Memo
Statement of
account
Order
Quote
3.2 SOURCE DOCUMENTS

6. © Michael Allison. Author’s permission required for external use.
TASK
In-class Homework
SQ3 X
SQ4 X
Ex3.1 X