What is the difference between cash book and a journal?
submitted by joanne

crashcorrigan

A cash book is a ledger that records all cash transactions. It includes both receipts and payments. It's recorded right when it occurs. It works like a journal and a subsidiary ledger.

A journal is the main place for entering financial transactions. Transactions are recorded here first, and then posted to their relevant ledgers afterward.

jibblez

The cash book only records cash transactions, like cash sales or payments. The journal, however, records all kinds of transactions, including credit sales, purchases, etc., before they are posted to the ledger.

donttazemebro

A cash Book records only cash inflows and outflows. It acts as a day-to-day record of cash transactions.

A journal records all types of transactions, in chronological order, including credit and non-cash transactions, before they're posted to their various ledger accounts.