All cash payments made by the company.
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
cash payment journal
[Debit] Down payment xxxx [Credit] cash xxxx
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
To record cash payment bill.
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
cash payment journal
no
[Debit] Down payment xxxx [Credit] cash xxxx
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
To record cash payment bill.
what is the entry for an excess payment from customer
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.
cash book
Debit down paymentCredit Cash
Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal
Debit advance payment for assetCredit cash / bank