Asked by Sarah Gascon on May 09, 2024
Verified
Record payment made to vendor
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 Payable Subsidiary Ledger
The subsidiary ledger containing the individual accounts with creditors (suppliers).
Cash Payments Journal
A business ledger that documents every cash expenditure or payment conducted by a company.
Purchases Journal
A purchases journal is a special journal used in accounting to record all purchases of merchandise, supplies, or other assets on credit.
- Obtain an in-depth understanding of the distinct journals and ledgers utilized within accounting frameworks.
- Specify the appropriate journal or ledger for the recording of various financial activities.
Verified Answer
RN
Learning Objectives
- Obtain an in-depth understanding of the distinct journals and ledgers utilized within accounting frameworks.
- Specify the appropriate journal or ledger for the recording of various financial activities.