The company was enormously successful in establishing colonies in Asia and that, combined with the tulip mania which was a bizarre speculative bubble in Northern Europe fueled by a runaway tulip bulb market, led the East India Company to become the most valuable company in the world with a total worth of 78 million Dutch Guilders.
Chapter 7--Inventories Student: ___________________________________________________________________________ 1. One of the two internal control procedures over inventory is to properly report inventory on the financial statements. True False 2. A purchase order establishes an initial record of the receipt of the inventory. True False 3. A perpetual inventory system is an effective means of control over inventory. True False 4. A subsidiary inventory ledger can be an aid in maintaining inventory levels at their proper levels.
Accounting Information System. So, source documents then are the essential inputs that provide the details required by. internal accounting systems. They also assist in the internal control of the resources of. the business. Source documents ensure that there is documentary evidence to support. the purchase or sale of items of value and the receipt and payment of money. Source. documents provide the evidence or proof that a transaction has actually occurred which.