Source Document

Source Document
The first document to record a transaction, serving as proof of an event recorded by the company’s accounting system.
Tick Marks (Accounting)
Tick marks are symbols used by auditors to indicate that they have performed a certain operation during an audit, such as verifying a number on a trial balance against a source document or checking the addition of a column of numbers. A legend should appear on the work papers to indicate the meaning of each tick mark.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.