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Accounting At Your Fingertips, 2e by George Murray, CPA.

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2.4 Recording in Journals

The General Journal

The Sales Journal

The Cash Receipts Journal

The Purchases Journal

The Cash Disbursements Journal

In accounting, the journal is the book of first entry, where all transactions are recorded and explained. But there’s more than one journal:

• The general journal, which records transactions that don’t fit into any of the other four journals

• The sales journal, which records credit sales

• The cash receipts journal, which records any cash received (sometimes combined with the sales journal)

• The purchases journal, which records purchases on account

• The cash disbursements journal, which records cash payments of any kind (sometimes combined with the purchases journal)

In this subchapter, we describe ...

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