Home NCERT Solutions NCERT Exemplar CBSE Sample Papers NCERT Books Class 12 Class 10
Question 2

Why is the evidence provided by source documents important to accounting?

Answer

The evidence provided by the source document is important in the following manners:

  1. It provides evidence that a transaction has actually occurred.
  2. It provides important and relevant information about date, amount, parties involved and other details of a particular transaction.
  3. It acts as a proof in the court of law.
  4. It helps in verifying transactions during the auditing process.

Popular Questions of Class 11th accountancy

1 Comment(s) on this Question

Write a Comment: