An account is a part of the financial information system and is described by all except...

An account is a part of the financial information system and is described by all except which one of the following? An account may be part of a manual or a computerized accounting system. An account has a title. An account is a source document. An account has a debit and credit side.

Expert Solution

Answer: An account is a source document.

A source document is an original record which contains the details that support a transaction that will be (or has been) recorded in an accounting system. In other words, it’s a physical or electronic document that lists the details of a transaction and is used by the accounts department to recognize accounting transactions through journal entries.

Examples of source documents include sales receipts, checks, purchase orders, invoices, bank statements,time cards etc.

ekkarill92 answered 2 years ago

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