Post by account_disabled on Mar 5, 2024 6:09:52 GMT
The example shows, the cash receipts journal has many columns. This is necessary because there are many transactions that result in cash receipts. The debit column will always include a Cash column and most likely a Sales Discount column. Other debit columns can be used if the company routinely carries out certain transactions. In the journal shown in the example below, the only other debit column is the other accounts column. This column is divided into three parts, one part for the account name; one for post references, in this case, labeled Ref.; and one for the amount. If desired, the area for account names in this column can be replaced with the area for account numbers only.
The credit column in the cash receipts journal most often includes Accounts Receivable and Sales. Again, other columns may be used depending on the type of routine transactions the company enters into. In the example we created, the only other credit columns are Whatsapp Number List for all other accounts. This is set up in the same way as the other columns on the debit side, except that the account title area is replaced simply with Ref. column. Also read: Budgeting.
The following is the definition, objectives, process and principles cash receipts journal To determine the use of the cash receipts journal, assume that during June Fortune Retail Stores entered into the following transactions involving cash receipts: June : Cash sales reach , , June : Collected from Perry Alexander (account number ) , , from sales made in May. Sales discounts are not allowed. June : The company sells marketable securities for , , , that it purchased for June Received .
The credit column in the cash receipts journal most often includes Accounts Receivable and Sales. Again, other columns may be used depending on the type of routine transactions the company enters into. In the example we created, the only other credit columns are Whatsapp Number List for all other accounts. This is set up in the same way as the other columns on the debit side, except that the account title area is replaced simply with Ref. column. Also read: Budgeting.
The following is the definition, objectives, process and principles cash receipts journal To determine the use of the cash receipts journal, assume that during June Fortune Retail Stores entered into the following transactions involving cash receipts: June : Cash sales reach , , June : Collected from Perry Alexander (account number ) , , from sales made in May. Sales discounts are not allowed. June : The company sells marketable securities for , , , that it purchased for June Received .