Cash payments journal Cash payments (cash disbursements) journal refers to a special journal where companies record all disbursements of cash or a cash payment journal records all cash paid.
Purchases journal Purchases journal refers to a journal where companies record all purchases of merchandise on account. Each entry in this journal results in a debit...
Cash receipts journal Cash receipts journal refers to a special journal that records all cash received. The most common types of cash receipts are cash sales of merchandise and collections...
Sales journal Sales journal is a special journal that records all sales of merchandise on account. Cash sales of merchandise go in the cash receipts journal. Credit sales of assets...
Special journal Special journal refers to a journal that records similar types of transactions, such as all credit sales.
Journalizing Entering transaction data in the journal is known as journalizing. Companies make separate journal entries for each transaction.
The Journal The Journal, an accounting record in which transactions are initially recorded in chronological order. The journal is referred to as the book of original entry.
Definition
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