Transactions recorded in the cash receipts journal are, all receipts of cash.
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
A sale of merchandise for cash would be: Debit cash or bank account, Credit sales
Cross-footing a cash receipts journal means
NO..YOU WILL ALWAYS HAVE TO KNOW THE SOURCE THE RECEIPTS..BEFORE YOU CAN CLAIM A MISTAKE OR SOMETHING...IM 14 YEARS OLD
Cash book is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.
cash receipts journal
Another entry will be required in cash receipts journal with difference in recorded 4600(9500 - 5900).
Purchases Journal & Cash Payments Journal.Also called as Specialized Jounal Entries. Purchases Journals record transactions that involve purchases on credit. Source documents here would probably be invoices. The purchase of inventory on credit is recorded in the purchases journal. Cash Receipts Journal record transactions that involve payments received with cash Source documents would probably be receipts and cheque butts.
A sale of merchandise for cash would be: Debit cash or bank account, Credit sales
purchase of store supplies for cash
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.
Cross-footing a cash receipts journal means
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
NO..YOU WILL ALWAYS HAVE TO KNOW THE SOURCE THE RECEIPTS..BEFORE YOU CAN CLAIM A MISTAKE OR SOMETHING...IM 14 YEARS OLD
Cash book is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.
all cash received.
check