Source Documents

These are the forms, evidences or official papers that serve as supports to the underlying economic transactions.

This is a segment of time, usually a year in which financial statements are prepared in order to know the results of the business operation during that particular period of time.

This period starts at any month of the year except January and ends on the twelve month.

This is a document used when cash is paid by the business.

This is a written promise made by the maker to pay the payee/creditor.

This document evidences receipt of cash.

In their desire for higher wages, benefits, good working conditions and security of tenure must first go over financial reports of the business in justifying for their demands.

They most often offers their goods for cash or on credit terms depending on the paying ability of the customer.

Is concerned with the ability of the buyer to pay not only the principal debt but also the interest.

Who have been informed that the price of a certain commodity has increased would continue patronizing the business only if the price is fair and the product is worth the money they paid for it.