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what other types of journal can you think of that can be used by a business

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Q: What other types of journal can be used by a business?
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What is a purchase journal?

Purchase journal is used to records all the purchases of business.


What is a receipt journal?

cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital


What is a cash receipt journal?

cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital


What is the history of accounting for merchandising business?

In merchandising business, sales and purchases are the most common transactions. Special journals are used to record the transactions as they are very frequent and to make the accounting process simpler. The types of special journals used are Revenue Journals: sales journal and cash receipt journal. Expense Journal: purchase journal and cash payment journal. Earlier the accounts were hand written in the relevant books of accounts and tallied every month or half yearly or annually. However the same accounts are computerized for easier reference in the modern age.


Examples of Cash payments journal and Cash receipts journal?

What_is_a_cash_receipt_journalcash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital All cash payments made by the company.


Can business interruption insurance be purchased by itself?

"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."


When general journal is used?

The general journal is used to record all types of business transactions in chronological order. It lists debits and credits for each transaction, providing a complete audit trail. It is the initial step in the accounting cycle and helps in preparing financial statements.


Although it can be used to switch between old phone lines, like a business line during the day, to a personal line in the evening. RJ12 is also used for other types of industrial devices.?

Although it can be used to switch between old phone lines, like a business line during the day, to a personal line in the evening. RJ12 is also used for other types of industrial devices.


Why use journal entry?

Journal entry is the first step in accounting process and it is used to record the business transections and without recording journal entry it is not possible to generate any kind of report as well as preparation of income statement or balance sheet.


What is purchase journal?

A purchase journal is a specialized accounting journal used to record all credit purchases of goods or services made by a business. It typically includes information such as the date of the purchase, vendor name, invoice number, and amount owed. The purchase journal helps track the company's liabilities and expenses related to purchasing inventory or other items.


What is a purchase journal used for?

What is a purchase journal


What does ibj mean?

IBJ typically refers to the Indianapolis Business Journal, a weekly publication covering business news and information in the Indianapolis area. However, it can also be used as an abbreviation for other purposes, depending on the context.