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
cash book
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.
Debit down paymentCredit Cash
The different types of payment vouchers include cash payment vouchers, bank payment vouchers, and journal vouchers. Cash payment vouchers are used for cash transactions, bank payment vouchers for transactions through the bank, and journal vouchers for accounting entries. Each voucher type serves a specific purpose in documenting and authorizing payment transactions.
Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal