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.
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To record cash payment bill.
Debit Job accountCredit disbursement account
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 is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.
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check your answer
To record cash payment bill.
Debit Job accountCredit disbursement account
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 is a journal because the transactions are recorded in it for the first time from the source of document and from journal these transactions are posted to the respective account in the ledger. We can say cash book is a ledger also in the sense that it serves the purpose of cash account also.As such cash book is journal as well as ledger, and hence it may call journalised ledger.
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what is n the anlysis column of a CRJ
CASH DISBURSEMENT: A payment of money or simply a payment. Usually, the writing of a check to pay for an item previously obligated to be paid, such as loan payment, salary payment or accounts receivable payment.
Transactions recorded in the cash receipts journal are, all receipts of cash.
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General 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