Which item is contained in a source document?

Which item is contained in a source document?

• A. Date of Transaction
• B. Balance Sheet
• C. Tax Rate
• D. Product SKU

Answer: (A)

A source document records the original details of a business transaction, and the date of the transaction is a fundamental piece because it shows when the event occurred and helps place the entry in the correct accounting period. The balance sheet is a separate financial statement, not an original transaction record; the tax rate is used for tax calculations and isn’t a universal element on every source document; the product SKU might appear on some documents but isn’t a core, consistently included item. Therefore, the date of the transaction is the item contained in a source document.

A source document records the original details of a business transaction, and the date of the transaction is a fundamental piece because it shows when the event occurred and helps place the entry in the correct accounting period. The balance sheet is a separate financial statement, not an original transaction record; the tax rate is used for tax calculations and isn’t a universal element on every source document; the product SKU might appear on some documents but isn’t a core, consistently included item. Therefore, the date of the transaction is the item contained in a source document.