Q.3.2 Complete the following table by providing the missing information: Transaction: Possible source document: Business sells goods or services for cash Duplicate tax invoice with payment terms The customer of the business sold to on credit, returns goods or requests a rebate after the sale Petty Cash voucher & original cash slip from supplier. Received money from a debtor for part or full payment on account (5)

Petty cash is referred to as that minimal sum of money that any business should maintain to make…

Answered: Complete the following table by…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q.3.2

Complete the following table by providing the missing information:

Transaction:	Possible source document:
Business sells goods or services for cash
	Duplicate tax invoice with payment terms
The customer of the business sold to on credit, returns goods or requests a rebate after the sale
	Petty Cash voucher & original cash slip from supplier.
Received money from a debtor for part or full payment on account

(5)

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