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
cial journal
A debit to capital and and a credit tocash
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
[Debit] Down payment xxxx [Credit] cash xxxx
review of the supporting payment documents
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
Payment by documents through your bank is how you have made your payment. The document could be your check.
cial journal
no
A debit to capital and and a credit tocash
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
what is the entry for an excess payment from customer
suporting document for payment invoice
[Debit] Down payment xxxx [Credit] cash xxxx
Debit advance payment for assetCredit cash / bank