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Do you only record credit transactions in general journal?
we can also record cash transactions too
What is the proper way to enter transactions into a general journal?
hmmm
When would you enter a general journal adjustments in an accounting package?
General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
Business transactions are first recorded in?
general journal.
Do you only record credit transactions in general journal?
we can also record cash transactions too
What is the proper way to enter transactions into a general journal?
hmmm
Difference between a general journal and a specialized journal?
A general journal is uesd to record infrequent or nonroutine transactions, such as lan payments and end-of-period adjusting and closing entries. A specialized journal records large numbers of repetitive transactions such as sales, cash receipts, and cash disbursements.
When would you enter a general journal adjustments in an accounting package?
General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.
When a company uses special journals the general journal is used for selected transactions and events including?
When a company uses special journals, the general journal is used for selected transactions and events that do not fit into any of the specific categories of the special journals. These could include recording adjusting entries, correcting errors, or any unique transactions that don't have a designated special journal.
What is proper journalism?
The Journal Proper is the record both in which miscellaneous credit transactions are entered that do not fit in other books. It is also called the Journal Residual or the General Journal.
Transactions recorded in the cash receipts journal?
Transactions recorded in the cash receipts journal are, all receipts of cash.
General journal entries?
. 1. Based on the bank reconciliation prepare the journal entries.. Alaine Alvarez consulting July 31
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
Are Transactions are listed in the journal chronologically?
yes
A record in which transactions are recorded first is what?
Journal
