Question

What is the difference in operational documents and source documents and do they hold the same value?

Answer 1

	Difference between Operational documents and Source documents is as under:
Particular	Operational Documents	Source documents
Meaning	Operational documents means the document which states how the processes and activities needs to be perform in an organization. It set out common rules and regulation which needs to be adhered by every person from top to bottom level	Source documents is basis documents on the basis of which transaction details can be recorded and it helps to keep the track of transactions. Mainly used in accounting and bookkeeping
Purpose	Operational documents gives clarity to the people of organization how things should be done	It provides evidence that a financial transaction has been occurred.
Scope	It has wider scope has it Is useful for every person and department of the organization	It is mainly useful to account and finance department
Example	HR policy , purchase and sales policy, IT system policy	Sales order, purchase order, salary statement
	No they both don’t hold the same value. Both are very different. One is useful to record the accounting transaction whereas operational documents states that how work should be perform in the organization