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Advantages and disadvantages of the source document |
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Answer» Source document is the evidence of a particular transaction which is to be entered in the books of accounts .Advantages of Source Document :\tIt helps in audit of the Transactions as it acts as Evidence .\tIt hels to minimize the input of wrong information in the books of accounts .\tAccountability of Source document helps to reduce frauds in an organization .Disadvantages of Source documents :\tSource document for each and every transactions is not possible , in such case of transactions their may be possibility of errors or fraud in recording transactions .\tFor large organisations , too much of transactions result in too much of source documents , in that case it is very difficult to maintain hard copy of source documents .
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