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
cash payment 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
review of the supporting payment documents
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.
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
suporting document for payment invoice
what is the entry for an excess payment from customer
This would include a debit to cash for the amount received and a credit to the account receivable that the amount pertains too.
cash payment journal