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Why is a received invoice important in accounting?

      

Explain why a received invoice is important in accounting.

  

Answers


Maurice
(i) It provides documentary proof of goods purchased on credit.

(ii) It provides documentary proof of purchase of other assets.

(iii) It is a source of entries made in the general journal for purchase of other assets on credit.

(iv) It is a source document for purchases journal.
maurice.mutuku answered the question on July 7, 2017 at 13:22


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