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Which of the following best describes a purpose of source documents? Multiple Choice Provide information related to external transactions, such as date and amount. Used

Which of the following best describes a purpose of source documents?

Multiple Choice

  • Provide information related to external transactions, such as date and amount.

  • Used by accountants to record transactions in specific accounts.

  • Keep a record of transactions between the company and its vendors, customers, and other parties with whom the company conducts business.

  • All of the other answers provide a correct statement.

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