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Analyzing a Source Document Instructions Review the Global Travel Agency bank statement
Chapter 11, Problem 11-2(choose chapter or problem)
Analysing a Source Document
Instructions Review the Global Travel Agency bank statement and answer the following question in your working papers.
1. What is the amount of the returned check?
2. How much did the bank charge Global Travel Agency for the returned check?
3. What account will be debited for the $12 bank service charge?
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QUESTION:
Analysing a Source Document
Instructions Review the Global Travel Agency bank statement and answer the following question in your working papers.
1. What is the amount of the returned check?
2. How much did the bank charge Global Travel Agency for the returned check?
3. What account will be debited for the $12 bank service charge?
ANSWER:
Step 1 of 2
The documents which are used by the business to record the transactions and use them for evidentiary purposes are described as the source documents. These documents are also used by the auditors to check the accuracy of the records.
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