0
What else can I help you with?
Cash disbursement journal is used to record?
To record cash payment bill.
What is the purpose of a cash disbursement journal?
The cash disbursement journal is used as a record of any cash transactions that a company has made. This is essential in the operations of a business as one could look at the register to see what cash has been paid out.
How did Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check your answer
Journal entry on disbursement for specific job?
Debit Job accountCredit disbursement account
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
Cash disbursement journal is used to record?
To record cash payment bill.
What is the purpose of a cash disbursement journal?
The cash disbursement journal is used as a record of any cash transactions that a company has made. This is essential in the operations of a business as one could look at the register to see what cash has been paid out.
Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check
How did Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check your answer
Journal entry on disbursement for specific job?
Debit Job accountCredit disbursement account
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
The cash receipts journal will be used for?
all cash received.
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.
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 a cash concentration and disbursement payment?
A taco supreme
WHAT IS THE ACCOUNTING JOURNAL ENTRY TO RECORD AUDIT DISBURSEMENT CHARGE?
To record an audit disbursement charge, the accounting journal entry would typically involve debiting the appropriate expense account (e.g., Audit Expense) and crediting Accounts Payable or Cash, depending on whether the payment is made immediately or will be paid later. The entry would look like this: Debit: Audit Expense Credit: Accounts Payable (or Cash) This reflects the recognition of the expense incurred for the audit services.
What claim accrues if a cash disbursement occurs without corresponding purchases that total the cash disbursement amount?
If a cash disbursement occurs without corresponding purchases that total the disbursement amount, it typically results in a claim for reimbursement or a liability for the entity responsible for the disbursement. This situation may indicate a potential misallocation of funds, fraud, or an accounting error, prompting the need for further investigation. The entity may seek to recover the funds or rectify the discrepancy through internal controls or legal means.
