Question 3
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(a) What are source documents?
(b) List seven examples of source documents.
Observation
Majority of the candidates attempted this question and the performance was good. However, some of them could not provide the right definition of source documents.
The suggested answers are:
Source documents are written evidence of financial transactions which provide detailed information for the preparation of the books of account.
OR
Source documents are documents that provide adequate and essential information for preparing the books of account.