Uses of Source Documents
The source document is essential to the bookkeeping and accounting process and below are some uses;
1. They are used for record purposes.
2. They provide evidence that a financial transaction has occurred.
3. They are used for the reconciliation of accounts.
4. They are used for auditing purposes.
5. Source documents are used for legal purposes.
6. They are used to obtain authorization for payments made e.g. vouchers.