The importance and classification of documentation in accounting

Abstract

Every economic act about the existence and movement of the assets of an entity must first be recorded in the documents attesting to their materialization, before they can be registered in the accounts. In this research paper, the authors have aimed at determining the importance of these specific documents and the relevant information recorded in them. In addition to that, relevant specialty literature was analyzed regarding the concept of document and documentation, the necessary elements to be contained in the documents were laid out and the emphasis was placed on the functions of the documents and on their classification. JEL: M41