A source document that aids the ascertainment of amount paid out of current account is the?

Assessment: JAMB UTME - Principles of Accounts - 2000 Subject: Financial Accounting

Question 1 Report

A source document that aids the ascertainment of amount paid out of current account is the?
Answer Details
The source document that aids the ascertainment of the amount paid out of a current account is the cheque stub. A cheque stub is a small piece of paper that is attached to a cheque when it is written. It contains important information such as the date, the payee, the amount paid, and sometimes the purpose of the payment. The cheque stub serves as a record of the transaction and provides evidence of payment, which can be used for accounting purposes. Therefore, by examining the cheque stubs, one can easily determine the amount of money paid out of a current account.
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