This document outlines various business transactions and the types of journals used to record each one. It provides examples such as recording a cash sale in the cash receipts journal, purchasing supplies on credit in the purchase journal, and depreciating a fixed asset over time in the general journal. The types of journals listed are cash receipts journal, sales journal, purchase journal, cash disbursement journal, and general journal.
This document outlines various business transactions and the types of journals used to record each one. It provides examples such as recording a cash sale in the cash receipts journal, purchasing supplies on credit in the purchase journal, and depreciating a fixed asset over time in the general journal. The types of journals listed are cash receipts journal, sales journal, purchase journal, cash disbursement journal, and general journal.
This document outlines various business transactions and the types of journals used to record each one. It provides examples such as recording a cash sale in the cash receipts journal, purchasing supplies on credit in the purchase journal, and depreciating a fixed asset over time in the general journal. The types of journals listed are cash receipts journal, sales journal, purchase journal, cash disbursement journal, and general journal.
1) Sale in cash to a custumer. 1. CASH RECEIPTS JOURNAL
2) Sale on credit to a customer. 2. SALES JOURNAL 3) Receive cash in payment of an invoice owed by a customer. 3. CASH RECEIPT JOURNAL 4) Purchase fixed assets from a supplier. 4. CASH DISBURSEMENT JOURNAL/ GENERAL JOURNAL 5) Record the depreciation of a fixed asset over time. 5. GENERAL JOURNAL 6) Purchase consumable supplies from a supplier. 6. CASH DISBURSEMENT / GENERAL JORNAL 7) Investment in another business in the form of equipments. 7. GENERAL JOURNAL 8) Cash purchase of goods for sale 8. CASH DISBURSEMENT JOURNAL 9) Purchase of goods on terms 9. PURCHASE JOURNAL 10) Payments of goods purchased on terms. 10. CASH DISBURSEMENT JOURNAL/PURCHASE JOURNAL 11) Return of goods sold on credit 11. GENERAL JOURNAL 12) Receipt of cash collection 12. CASH RECEIPTS JOURNAL 13) Investment in software in cash 13. CASH DISBURSEMENT JOURNAL / GENERAL JOURNAL 14) Payment of the payables for the acquisition of hardware. 14. CASH DISBURSEMENT JOURNAL 15) Payment of payroll 15. CASH DISBURSEMENT JOURNAL . 16) Setting up of purchases on terms 16. PURCHASE JOURNAL 17) Record accrued interest income on time deposit 17. GENERAL JOURNAL 18) Payments of rental expense 18. CASH DISBURSEMENT JOURNAL 19) Receipt of dividend from subsidiary 19. CASH RECEIPT JOURNAL 20) Setting up of payroll due 20. GENERAL JOURNAL
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