In an accounting system, document which supports journal entries is classified as
A. cost document
B. priced document
C. source document
D. direct document
Answer: Option C
Solution(By Examveda Team)
In an accounting system, document which supports journal entries is classified as source document. A source document is an original record which contains the detail that supports or substantiates a transaction that will be (or has been) entered in an accounting system.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion