source

Examples of source in the following topics:

• What Is the Accounting Cycle?

  • The evidence that a business event has occurred is a source document.
  • Sales tickets, checks, and invoices are common source documents.
  • Source documents are important because they are the ultimate proof that a business transaction has taken place.
  • After determining, via the source documents, that an event is a business transaction, it is then entered into the company books via a journal entry.

• Current Maturities of Long-Term Debt

  • In accounting, the long-term liabilities are shown on the right side of the balance sheet, along with the rest of the liability section, and their sources of funds are generally tied to capital assets.

• Recording Transactions

  • Since business transactions always generate documentation, it is the accountant or bookkeeper's job to analyze the source document to determine whether a journal entry is necessary.
  • Source documents are important because they are the ultimate proof of business transactions.
  • Some examples of source documents include bills received from suppliers for goods or services received, bills sent to customers for goods sold or services performed, and cash register tapes.
  • Each source document is analyzed to determine whether the event caused a measurable change in the accounting equation.

• Types of Bonds

  • In finance, there are many different types of bonds that vary in term agreements, duration, structure, source, and other characteristics.

• Introduction to the Income Statement

  • Non-operating income, in accounting and finance, is gains or losses from sources not related to the typical activities of the business or organization.

• Valuation of Intangible Assets

  • Intangible assets generally arise from two sources: (1) exclusive privileges granted by governmental authority or by legal contract, such as patents, copyrights, franchises, trademarks and trade names; and (2) superior entrepreneurial capacity or management know-how and customer loyalty , which is called goodwill.

• Characteristics of Intangible Assets

  • Human capital is the primary source of competitive intangibles.

• Uses of Financial Reports

  • Typically, a personal financial statement consists of a single form for reporting personally held assets and liabilities (debts) or personal sources of income and expenses, or both.

• Journalizing

  • Journal entries are prepared after examining the source document to see if a business transaction has taken place.

• Defining Accounting

  • It was written primarily for, and sold mainly to, merchants who used the book as a reference text, as a source of pleasure from the mathematical puzzles it contained, and to aid the education of their sons.