Question

The most important purpose of a turn-around document is to?

1) serve as a source document
2) inform a customer of the outstanding amount payable
3) provide an audit trail for the external auditor
4) inform the bank of electronic funds deposits

Answer 1

The most important purpose of a turn-around document in a business context is to serve as a source document.

Step-by-step explanation:

The most important purpose of a turn-around document in a business context is to serve as a source document. A turn-around document is a form that has both input and output fields, allowing information to be collected and processed and then returned to the business. This type of document is commonly used in transactional processes such as order fulfillment, invoicing, and data entry.