Answer:
There are various sources of accounting information, which are as follows:
1. Financial transactions: The primary source of accounting information is financial transactions such as sales, purchases, payments, receipts, and other financial activities of the business.
2. Accounting records: Accounting records such as journals, ledgers, trial balance, and financial statements are also the sources of accounting information.
3. Bank statements: Bank statements are a primary source of accounting information, as they provide information on bank balances, cash inflows, and outflows.
4. Invoices and bills: Invoices, bills, and receipts provide information on purchases and sales made by the business.
5. Management reports: Internal management reports, such as budgets, variance analysis, and performance reports, provide valuable information on the financial performance of the business.
6. Tax returns: Tax returns provide information on the business's tax obligations and payments.
7. Shareholder reports: Shareholder reports provide information on the financial performance of a company to its shareholders.
Overall, these sources of accounting information provide valuable information on the financial performance of a business, and they play a crucial role in decision-making, performance evaluation, and financial planning.