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Unformatted text preview: ach Who does the accountant rely on to get
truthful figures? The accountant relies on figures supplied
The by the Bookkeeper.
by The Bookkeeper keeps records of
The transactions and summarizes these into
various categories, using the ‘dual aspect’
concept in a system known as ‘Doubleconcept
Entry Bookkeeping’. Who does the Bookkeeper get the details
of the transactions from?
of The Bookkeeper gets details of
The transactions from operational employees
who are involved in transactions as part of
their These operational
These employees are
responsible for keeping records of
transactions. What ‘triggers’ the need to record a
transaction? There must be written proof that the
There transaction has taken place before
recording the transaction.
recording For every transaction there needs to be
written proof. This written proof is called a
‘source document’ and serves as
documentary evidence that a transaction
has taken place
has How the accounting cycle works- the
operational employees’ part
operational The operational employees feed source
The documents and summarized data from
those documents to the bookkeeper in a
process known as...
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