Accounting MascotAccounting Q&A

Which journal is used to record cash outflows ?
submitted by Jenine

howboutnow

The Cash Disbursements Journal is used to record all cash outflows. It records payments made in cash, like payments to suppliers, creditors, or for expenses.

da_squirrel

That would be the Cash Payments Journal. It helps keep track of all the money the business spends.

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