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All cash payments made by the company.

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โˆ™ 2012-02-15 17:45:33
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Q: What goes in a Cash payment journal?
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Related questions

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


A purchase of supplies for cash is recorded in the?

cash payment journal


Drawings can be posted in cash payment journal?

no


Cash disbursement journal is used to record?

To record cash payment bill.


What is the journal entry for down payment of cash?

[Debit] Down payment xxxx [Credit] cash xxxx


What journal entry is a down payment?

Debit down paymentCredit Cash


What does Purchases journal?

Purchase journal is used to record "Credit Purchases" for resale purpose like supplies from suppliers and hence no cash purchases are recorded as cash purchases are recorded in cash payment journal.


What is the journal entry to made a down payment of cash and issued note payable?

cash book


What entries are posted to the cash payment journal and not the general journal?

Are the payment for cash(people who came and buy for cash ) Any entry can be posted into the general journal. It is really messy and long to post the stuff in the sales, sales returns and allowances, purchases and purchases returns and allowances jounal into the general jounal so those journals are created to make things easier. So basically, any entries that are posted to the cash payments journal can be posted to the general journal.


What are five special journals?

1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal


What journals do you use to record purchases on account purchases for cash and cash payments?

Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.


Where do you record a purchase of supplies on account?

This should be recorded in the cash payment journal.


What is journal entry for gratuity payment?

[Debit] Gratuity [Credit] Cash / bank


How do you record journal entry for cash?

if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.


If a company returns defective supplies that were purchased for by cash and receives cash refund is this transaction recorded in Cash Receipts Journal?

Yes, the cash refund needs to be recorded in the cash receipts journal. Keeping records of the forms of payment will help keep things organized.


What is journal entry for expense payment?

debit expensescredit cash


What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank


What are the four special journals in accounting?

Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal


How do you pass entry for payment received from debtors in journal as well as in payment?

debit cash / bankcredit accounts receivable


What is the journal entry for prepaid expense when cash is not paid?

prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.


How do you record a journal entry for payment of dividends?

Debit Cash dividend xxx credit cash / bank xxxx


What is the journal entry payment to the vendor?

Debit accounts payableCredit cash /bank


What are the rules for posting the cash payment journal to the ledger?

credit bank, debit all contra accounts :)


What is the journal entry for a payment on an account?

Debit cash / bankCredit accounts receivable


What is the journal entry for payment which is not earned?

debit cash / bankcredit unearned revenue