In this chapter you reviewed a variety of documents used by a business as evidence of transactions. You will appreciate that they differ depending on their purpose and are often issued in order to indicate different stages of, for example, the sale or purchase of goods andlor services as indicated below.
Documents, particularly associated with making payments, must be properly authorised. Generally this takes the form of the signature of an authorised person. Documents are used throughout a business to record transactions and the financial implications of those transactions.
Key documents used in recording financial transactions are invoices, credit notes, receipts and petty cash vouchers. Statements and payslips are useful summaries which can be used as a check of transactions.