{"id":57008,"date":"2024-04-16T00:54:36","date_gmt":"2024-04-16T00:54:36","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57008"},"modified":"2024-04-16T00:54:36","modified_gmt":"2024-04-16T00:54:36","slug":"in-an-accounting-system-document-which-supports-journal-entries-is-classified-as","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-an-accounting-system-document-which-supports-journal-entries-is-classified-as\/","title":{"rendered":"In an accounting system, document which supports journal entries is classified as"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;cost document&#8221; option2=&#8221;priced document&#8221; option3=&#8221;source document&#8221; option4=&#8221;direct document&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. source document.<\/p>\n<p>A source document is a document that provides evidence of a transaction. It is the first document created when a transaction occurs and is used to support the journal entry for the transaction. Examples of source documents include invoices, purchase orders, and receipts.<\/p>\n<p>A cost document is a document that records the cost of an asset or expense. It is used to calculate the carrying value of an asset or the amount of an expense. Examples of cost documents include purchase orders, receiving reports, and invoices.<\/p>\n<p>A priced document is a document that shows the price of an asset or expense. It is used to calculate the total cost of an asset or expense. Examples of priced documents include invoices and purchase orders.<\/p>\n<p>A direct document is a document that is directly related to a transaction. It is used to support the journal entry for the transaction. Examples of direct documents include invoices, purchase orders, and receipts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;cost document&#8221; option2=&#8221;priced document&#8221; option3=&#8221;source document&#8221; option4=&#8221;direct document&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-57008","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In an accounting system, document which supports journal entries is classified as<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-an-accounting-system-document-which-supports-journal-entries-is-classified-as\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In an accounting system, document which supports journal entries is classified as\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;cost document&#8221; 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