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Cash receipts journal. Transactions that increase cash are recorded in a multi-column cash receipts
journal. If sales discounts are offered to customers, the journal includes a separate debit column for
sales discounts. Credit columns for accounts receivable and for sales are normally present, but
companies that frequently receive cash from other, specific sources use additional columns to record
those types of cash receipts. In addition, the cash receipts journal includes a column named Other, which
is used to record various types of cash receipts that occur infrequently and therefore do not warrant a
separate column. For example, cash receipts from capital investments, bank loans, and interest revenues
are generally recorded in the Other column. However, a company that provides consumer loans and
receives interest payments from many customers would probably include a separate column for interest
revenue. Whenever a credit entry affects accounts receivable or appears in the Other column, the
specific account is identified in the column named Account.

Accounts receivable payments are posted daily to the individual subsidiary ledger accounts, and
customer account numbers (or check marks if the customer accounts are not numbered) are placed in
the cash receipts journal's reference column. At the end of the accounting period, each column total is
posted to the general ledger account listed at the top of the column, and the account number is placed
in parentheses below the total. Entries in the Other column are posted individually to the general ledger
accounts affected, and
the account numbers
are placed in the cash
receipts journal's
reference column. A
capital X is placed
below the Other
column to indicate
that the column total
cannot be posted to a
general ledger
account.