Asked by Hailey Gallant on Jun 03, 2024
Verified
Record payment received from customer
a. Purchases journal
b. Revenue journal
c. Cash receipts journal
d. Cash payments journal
e. Accounts receivable subsidiary ledger
f. Accounts payable subsidiary ledger
g. General journal
Accounts Receivable Subsidiary Ledger
A detailed ledger that tracks individual accounts receivable transactions and balances for customers.
Cash Receipts Journal
An accounting journal specifically used to record all receipts of cash, detailing the source of each receipt for a given period.
Record Payment
The process of documenting the payment of a bill or an obligation in the business’s financial records.
- Absorb the knowledge of the various journals and ledgers used in the practice of accounting.
- Decide on the relevant journal or ledger for capturing various transactions.
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ZK
Learning Objectives
- Absorb the knowledge of the various journals and ledgers used in the practice of accounting.
- Decide on the relevant journal or ledger for capturing various transactions.