Tag: Special Journals

The sales return day book is used to record goods returned by customers. The sales return book is not part of the double entry posting and is simply a chronological list of credit notes issued to customers and used to post the accounts receivable and general ledgers.

The purchase return day book is used to record goods returned to suppliers. The purchase return book is not part of the double entry posting and is simply a chronological list of supplier credit notes used to post the accounts payable and general ledgers.

The general journal is a journal used to record transactions which do not belong in any of the other special journals. The journal is not part of the double entry posting and is simply a list of journal entries in chronological order.

The cash disbursement journal is used to record cash paid by a business and in particular cash paid to suppliers for credit purchases. The cash disbursements journal is not part of the double entry posting and is simply a list of information relating to cash payments used to post the subsidiary and general ledgers.

The cash receipts journal is used to record cash received by a business and in particular cash collection from credit sales to customers. The cash receipts journal is not part of the double entry posting and is simply a list of information relating to cash receipts used to post the subsidiary and general ledgers.

The sales journal is used to record credit sales to customers. The sales journal is not part of the double entry posting and is simply a list of information from merchandise sales invoices used to post the accounts receivable and general ledgers.