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Financial Statements of NPO

What is the v...

Question

What is the value involved in recording transactions on the basis of source documents?

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Solution

Recording transactions on the basis of source documents ensures "Transparency". It ensures that all relevant and material information is made available to all interested parties. It relates to full disclosure of all significant transactions.

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Q. The documents on the basis of which transactions are recorded in the account books are known as ____________.

Q. The source document _______________ is required for recording transactions in sales book.

Q. The source document required for recording transactions in Sales Return Book is __________.

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State the source document required for recording transactions in Sales book?

Q. The source document required for recording transactions in Purchase Return Book.

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