The following explanations justify the reason why we transfer data from the source document to
The following explanations justify the reason why we transfer data from the source document to the respective books of original entry. Which one is appropriate
- The book keeper does not have enough time to record transactions as supposedly
- The generally accepted accounting principles requires the accountant to transfer the data as a good practice in accountancy
- It is obvious that data from the source documents are transferred to the respective books of original entry
- Transfer of data from source documents to books of original entry does not require the generally accepted accounting principles
ANSWER IS!
(4)
About the Author - Dr Geoffrey Mbuva(PhD-Finance) is a lecturer of Finance and Accountancy at Kenyatta University, Kenya. He is an enthusiast of teaching and making accounting & research tutorials for his readers.
