Accounting Cycle - Source Documents

Issued by the seller to the buyer in the event of a credit transaction.

• Invoice

• Delivery Notes

• Debit Notes

• Credit Notes

• Purchase Order

Internal documents issued by a business to record any kind of payments.

• Invoice

• Delivery Notes

• Payment Voucher

• Credit Notes

• Purchase Order

Issued by the buyer to the seller that contains information about the goods to be purchased.

• Invoice

• Delivery Notes

• Payment Voucher

• Credit Notes

• Purchase Order

Issued by the bank to the account holder at the end of the month.

• Receipt

• Payment Voucher

• Cheque Stubs

• Bank Slip

• Bank Statement

Issued by the seller to the buyer and delivered together with the goods.

• Invoice

• Payment Voucher

• Cheque Stubs

• Delivery Notes

• Bank Statement

A form issued by the bank for any transaction of deposits or withdrawals of money from customers.

• Bank Statement

• Bank Slip

• Cheque Stubs

• Payment Voucher

• Receipt

Issued by the seller to the buyer to inform that his account has been debited in the seller’s books of accounts. (increase debt)

• Invoice

• Delivery Notes

• Debit Notes

• Credit Notes

• Purchase Order

Used as references and are an important source document for cash related items.

• Cheque Stubs

• Bank Slip

• Payment Voucher

• Purchase Order

• Bank Statement

Issued by the seller to the buyer to inform the buyer that his account has been credited in the seller’s books of accounts (reduce debt.)

• Invoice

• Delivery Notes

• Debit Notes

• Credit Notes

• Purchase Order

Issued by the seller when receive payments from the buyer.

• Purchase Order

• Payment Voucher

• Debit Notes

• Credit Notes

• Receipt