What types of source documents might be collected by Megagrocer to be processed by its accounting information systems?
Answers I already have are :
Cash Register Records
Employee Earning Records
Are those wrong? Am I missing a lot more documents?
I am probably making this more difficult then it really is so any help will be greatly appreciated
Thanks ahead of time!
(Second try on posting this. I put it in the wrong catagory the first time)
You need to divide the problem into its constituent parts. For example:
Purchases of inventory you will have
1. purchase orders
2. packing slips
4. canceled checks
Try to think of the steps for each part of your business and it may make it easier to think of the documents that will be generated and sent to accounting. The first answerer was talking about the accounting system itself, not the source documents that feed it.
you need the general journal, general ledger, acct rec/pay forms, purchase journals, closing ledger forms to close out the capital, expenses, income/loss, you also need an income statement, statement of owners equity, balance sheet, trial balance sheet
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