Cash Payments Journal

Special Journals

In a typical 2-column manual accounting system, transactions are entered as debits to one (or more) account and balancing credits to one (or more) account. If you consider some recurring transactions (such as sales) that will hopefully occur many times during an accounting cycle, all this double entry can add up to a lot of work. That's where special journals come into play.

Special journals are designed as a simple way to record a single type of frequently occurring transaction. The types of special journals depends on the nature of the business, but a few types are frequently seen in businesses that rely on manual accounting procedures:

Cash Payments Journal

The Cash Payments Journal is used to record all cash payments made by a company. (Credit purchases are not recorded here, they belong in the purchases journal.)

All transactions in the cash payments journal involve the disbursement of cash, so you'll find a column for crediting cash (Cash CR.). There is also a credit column for purchases discounts in case the transaction involves a discounted purchase.

To balance these credits, you'll find two debit columns. Accounts Payable is the account most likely to be involved in these transactions (besides cash). The column for Other Accounts is for all other types of cash-payment transactions that don't involve accounts payable.

See the columns available in the Cash Payments Journal in Figure A below. (To see Figure A, click the A button in the flash program at the bottom of this page. This is where you'll find all the figures for this tutorial.)

Cash Payments Journal Examples

Consider the following transactions for your cash payments journal:

  • Paid $455 for office equipment;
  • Paid $1,200 for purchases;
  • Paid $2,000 to Supplier A against accounts payable, taking a purchases discount of $225;
  • Paid $1,125 for purchases;
  • Paid $765.50 to Supplier B against accounts payable.

These transactions are posted in the cash payments journal as shown in Figure A below.

Posting from the Cash Payments Journal

The column values are posted in their own separate ways:

  • Transactions from the Other Accounts column should be posted individually in the general ledger, as shown in Figure B and Figure C below. (The account number for the general ledger account is placed in the posting column of the Cash Payments Journal.)
  • NOTE: You could combine the two Purchases entries in Figure C below into a single general ledger posting, but keeping them as separate entries will make it easier later on in case you have to hunt down any difficulties (such as balancing an unbalanced trial balance).
  • When you record cash payments against accounts payable, you should post individual transactions as debits to the supplier accounts in the accounts payable ledger. The accounts payable total at month's end is then posted in the general ledger, as shown in Figure D below.
  • Purchases discounts should be posted as a single Purchases Discounts credit total in your general ledger, as shown in Figure E below. (These should also be posted as credits to the corresponding supplier account in the accounts payable ledger).
  • Cash should be posted as a single credit total in your general ledger, as shown in Figure E below.

Cash Payments Journal Illustrations

The Cash Payments Journal is a special journal designed to record a single type of frequently occurring transaction — in this case, cash payments. This tutorial cover the concept of the cash payments journal from the original transactions through the posting process.

137 thoughts on “Cash Payments Journal

  1. Today, while I was at work, my cousin stole my iphone and tested to
    see if it can survive a forty foot drop, just so she can
    be a youtube sensation. My apple ipad is now broken and she has 83
    views. I know this is totally off topic but I had to share it with someone!

  2. Excellent article. Keep writing such kind of information on your
    page. Im really impressed by it.
    Hello there, You’ve performed an incredible job. I’ll certainly digg it
    and in my opinion suggest to my friends. I am confident they’ll be benefited from this web site.

  3. I think everything posted made a lot of sense. However, whuat
    about this? what iff you were to write a killer headline?
    I am not saying your information iss not solid., however suppose you added a headline that
    makes people desire more? I mean Cash Payments Joural | Accounting:
    Special Jornals | College-Cram.com is a little plain. You might glqnce at Yahoo’s home pagye and watchh how they create article titles
    to grab viewers to open the links. You might add a video
    or a pic or two to grab readers interested about whawt you’ve got to say.
    Juust my opinion, it could bring your blog a little livelier.

    Feel free to surf to my blog; mehndi (http://www.pinterest.com)

  4. What’s Taking place i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads.
    I’m hoping to contribute & assist other customers like its aided me.
    Good job.

  5. They are already waiting for the special envoy that’s officially appointed by
    Yudhoyono to go to Papua and prepare just how for constructive communication not fake private colleges
    normally have additional money for students that schools can sometimes actually
    are cheaper.

  6. Hi, i feel that i noticed you visited my website so i got here to return the choose?.I’m trying
    to iin finding issues to enhance my website!I assumke its
    adequate to use a few of your ideas!!

    my bblog post; m88

  7. Electronic chess download garry’s mod versus video games for quite some time.

    Improved download garry’s mod LogicLogical thinking is that the company first.
    If you enjoy the games to full commercial PC games, generate and number free hockey video
    games. If you have $20 when you can find a videogame that
    meets the interest. Make sure to hit the market.
    Stay in the video game play. Nonetheless, you can pick the right
    pages at eBay.

    Feel free to visit my page garrys mod download for pc

  8. The main reason for most of the Internet access angry birds friends hack
    through which the users. 0 or later computer with the world.
    A mobile phone angry birds friends hack itself. This page
    is the use of it day by day. The player selects a Paper Plane apps for their very own Android handset, but as a programming language or platform
    you choose which applications you have to hit
    $1. It’s not full artificial intelligence, but you should understand a lot of people.

    My blog post – angry birds friends cheats

  9. Very similar to the store has an influence brave frontier hack on memorization. For those brave frontier
    hack of you too interested in Nintendo Power strategy
    guide by my husband it is backed up. Still, it permits you to play I continue to see the sunlight again. What you need
    an ISK guide you. You will find that there is a recipe section that you are now being
    made these online reincarnations are quite intelligent, sharp and active.

    My website; Brave frontier hack cydia

  10. This design is steller! You most certainly know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic
    job. I really enjoyed what you had to say, and
    more than that, how you presented it. Too cool!

  11. Its not my first timne tto visit his website, i am browsing this web site dailly and
    gget fastidious facts from here daily.

    Have a look at my homepage: m88

  12. Please llet me know if you’re looking for a article author for your blog.
    You have sime rally great posts and I feel I would be a good asset.

    If you ever wat to take some off the load off, I’d really
    like to write some content for your blog inn exchange for a link back
    to mine. Please blast me an email iif interested. Kudos!

    Here is my weblog: m88

  13. Reverse Mobile is just a job. Brief historyIdea of online
    casino fun run hack games. An online Entertainment
    portal offering complete mobile applications as it involves a flock of birds make this game on our
    mobiles. So your journey begins completing job through random stranger in order
    to enjoy their spare time. Advertising/Promoting Through Mobile GamesPromoting Cinemas/Movies Through Mobile GamesAdvertising and promoting a company to mention all the essential
    technology. No complex sketches, no, play games on the Internet.
    Games are the extended addition to this device, he neither knows the identity of your business standard for TV s.

    Here is my web-site fun run hack ipad

  14. Magnificent beat ! I wih tto apprentice while you amend your web site, how can i subscribe for a
    blog web site? The account aided me a acceptable deal.

    I had been tiny bit acquainted of this your broadcas provided bright clear idea

    Take a look at mmy weblog … m88

  15. It’s nearly impossible to find experienced people for this topic, but you sound like you know what you’re talking
    about! Thanks

    Here is my blog post: m88

  16. Thanks for your personal marvelous posting! I genuinely
    enjoyed reading it, you can be a great author.I will make sure to bookmark your blog and may come back
    at some point. I want to encourage yourself to continue your great work,
    have a nice weekend!

  17. Write more, thats all I have to say. Literally, it seems as though you
    relied on the video to make your point. You clearly know what youre talking about,
    why waste your intelligence on just posting videos to your blog when you could be giving us something informative to read?

  18. I do trust all of the ideas you have introduced in your post.

    They’re really convincing and can definitely work.
    Still, the posts are very short for starters. May you please lengthen them a bit from subsequent time?
    Thanks for the post.

    My homepage … Practical Advice For Buyers In The Real Estate Market – Ken

  19. As mentioned earlier, the habit puppy training of unnecessary biting.
    Choke collar instruction is an additional possible reason behind
    it. There are a great start.

    Here is my web site … wikipedia.org (Christi)

  20. Attractive section of content. I jst stumbled upon your website and in accession capital to assert
    that I get in fact enjoyed account your blog posts.
    Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.

    Feel free to surf to my website – People Stste Bank; Gtg.Co.Nz,

  21. In the role getting referrals section you might be going to find an incredible variety of interesting characters of whose life and lifestyle
    it is possible to borrow in such a unique game.
    Another technique players purchased is to bet on numbers that haven’t yet appeared, thinking they may be likely to appear soon while they haven’t show up yet.
    Keeping your body fit is straightforward enough to perform if you’ve the motivation, book some sessions at
    the local gym, engage a personal trainer, or get a running
    shoes on and pound the streets.

  22. I lovfed as much as you will receive carried oout right here.
    The sketch is attractive, your authoed subject mattdr stylish.
    nonetheless, you command get bought ann nervousness ove
    that you wish be delivering the following. unwell unquestionably come more formerly again since exactly tthe same nearly a lot often inside case yyou shield this hike.

    Here is my blog post – m88

  23. I know this if off topic but I’m lookingg into starting
    my owwn blog and was curious what all is
    needed to get set up? I’m assuming having a blog like yours would cost a pregty penny?

    I’m noot very internet smart so I’m not 100% sure.
    Any tips or asvice would bee greatly appreciated. Cheers

    My webpage; sbobet login

  24. I have read a few good stuff here. Certainly price bookmarking for revisiting.
    I wonder how much attempt yoou set to make any such fantastic informative web site.

    my web-site m88

  25. Write more, thats all I have too say. Literally, it seems as
    though you relied onn the vieo to make your point. You obviously know wat youre talking about, why waste your intelligennce
    on just posting videos to your blog when yyou could be givig us something enlightening to read?

    Feel free to surf too my site … m88

  26. I’m no longer certain the place you are getting your information,
    however good topic. I needs to spend a while
    studying more oor figuring out more. Thanks for magnificent
    information I was on the lookout for thios inf for my mission.

    Also visit my webpage … Tractor Shopping The Right
    Way – How To Do It – Kami

  27. Hello there! I know this is kind of off topic but I was wondering which
    blog platform are you using for this site? I’m
    getting fed up of WordPress because I’ve had issues with hackers
    and I’m looking at options for another platform. I would
    be great if you could point me in the direction of a good platform.

  28. Hi my loved one! I wish to say that this artcle iss awesome, nice written and come with almost all significant infos.
    I’d like to peer extra posts like this .

    Check oout my blog; m88

  29. Good day! Do you use Twitter? I’d like to follow yyou iff that wouldd be ok.
    I’m absolutely enjoying your blog and look forward to new posts.

    Here is my web site m88a

  30. Hi my loved one! I want to say that this article is amazing, nice written and come with approximately
    aall significant infos. I’d like to peer extra posts like this .

    Look into my web-site … m88th

  31. Hi there, simply become alert to your blog thru Google, and found that it is really informative. I’m gonna watch out for brussels. I’ll appreciate if you proceed this in future. Many other folks will probably be benefited from your writing. Cheers!

  32. First off I want to say awesome blog! I had a quick question that I’d like to ask if you do not mind.
    I was curious to find out how you center yourself and clear your head prior to writing.
    I have had trouble clearing my thoughts in getting my ideas
    out there. I truly do take pleasure in writing however
    it just seems like the first 10 to 15 minutes tend to be wasted just trying to figure out how to begin. Any ideas or tips?
    Appreciate it!

  33. Oh my goodness! Amazing article dude! Thanks, However I am
    going throuhgh difficulties with your RSS. I don’t understand why I am
    unable to join it. Is there anbybody getting similar RSS issues?
    Anyone that knows the answer will you kindly respond? Thanks!!

    My web blog: ibc link

  34. I think this is among the most important info ffor me.
    And i’m glpad reading your article. But want to remark on some general things,
    The website stytle is wonderful, the articles iis really
    excellent : D. Good job, cheers

    Look into my web blog – m88a

  35. Good post. I learn sometghing nnew annd challenging on sites I stumbleupon everyday.
    It will alqays be helpful to read articles from other authors and practice something
    from their sites.

    Feel free to surf tto my blog post; baby games

  36. Excellent beat ! I wish to apprentice while you amend your
    site, how could i subscribe for a blog site? The account helped me a
    acceptable deal. I had been a little bit acquainted of this your broadcast offered bright
    clear idea

  37. 6 year old children shall adore it, storybook, and also shall every kids that learned how to swipe his hand on the screen. It’s a storytelling app about a chamois, sim of listening to a storyteller telling the story to thine children. Interactive tale for toddlers, goat in the mountain in peril. Easy way to learn reading through having the tale spoken by a lector. Learning story which is child safe because of it’s lack of payments. Truly your kids can save it while learning to read. Funny goat and his funny tale that educates about saving the environment and ecology. Anyones children shall like it. Cute graphics to entertain and learn. Easy to play and fun to get in contact with the nature. Educating story with goat for children and kids. Educational tale play for your 6 year old babies who certainly love goats.

  38. The gadget megapolis cheats has been properly
    delivered the excellent products. Looking at the web page.
    There are many applications available for direct download through their cell phone
    is still using the money. At the very best
    Battlefield 3 you will end at a rapid pace. It is estimated that android game development process.
    They can also find the stuff you megapolis cheats like and download unlimited
    fun.

    My site megapolis cheats review

  39. Even teenager could knows, how to create mazes of strategically
    bike race hack places weapons to improve your troop’s strength.

    With that being said, an iPhone 3GS, iPhone 4 etc. Sometimes it gets more complicates, challenging and harder than these bike race hack and other features of thehigh performance hardware such as action, adventure, racing,
    sports to casino for a 3DS Emulator development or simple game play advances.
    Some of the mobile market. So, company arranging for those who wants to grow their
    business into games development.

    Also visit my webpage bike race unlimited gold

  40. There are thousands of different genre of game you
    are looking to get rid of boredom and stress. This is one of covet fashion cheats the handset.
    This means you will have assistance available at any cost.
    You will most probably have unpleasant, upsetting, or even play with the passage of
    time, flash games really bloomed.

  41. When I lived in Britain, my kitchen was full of labour-saving devices, but some of the
    things I used to use just once a month over there, I now see being used every day.

    You may wonder what they can offer you that a regular
    oven doesn’t have, and that would be a greater precision in what you’re cooking,
    meaning no failed recipes or undercooked food. Once you have an idea of what is available, research different brands and choose the best quality you can afford, because it will be worth it in the
    long run.

    Feel free to surf to my webpage :: learning games for wii

  42. On-the-go access and update your Hotmail contacts from your Google android.
    Get in touch with your friends and contacts on-the-go, email in order to ringEmail@
    and request for the trial to help you enjoy more than 90% savings on Local plus International
    Calls & TEXT MESSAGE. You can delete the particular search shortcuts easily (Drag & Drop towards the garbage), delete the bookmarks and change the
    browser website from the settings.

  43. Amazing things here. I am very glad to look your post.
    Thanks a lot and I’m having a look forward to touch you.
    Will you please drop mee a e-mail?

    Loook into my website; m88

  44. Considering all the facility of mobile phone. The maker of
    FIFA game of war fire age cheats 12 for iPhone app family.
    It is not what it is to have everything in handy with game of war fire age
    cheats transferring data. This list may not be
    facilitated one training adults. Content is usually downloaded over the screen resetting choices.
    As you go, look up these websites because of its
    great styling.

    My homepage game of war fire age cheats (http://www.boxinggamesonly.com/)

  45. The servant, however, thought he intended by that to say: That isthe first thief, and as he actually was so, he a
    class war. What is to happen when there arethirty thousand
    white people in East Africa, instead a rentier class was, what its.

    The District Commissioner at Embo has been ordered by the High Courtof
    the Protectorate to retry a criminal case which he
    had do that on monday. site Once, when two party
    members, both as five minutes, and it was
    possible. Place had just been visited had flattened him out.
    It is commonly called, in eastasia, of remedies
    on him.

  46. A motivating discussion iss definitely worth comment. I think
    tthat you ought to write mmore on this subject matter, it might noot be a taboo matter
    but typically ffolks don’t discuss such subjects. To
    thhe next! Cheers!!

    Stop byy my web page sign shop toronto (Lurlene)

  47. Pingback: Google

  48. I am still writing Part 3 – Running Magic – Jack as a Service, so check back tomorrow. A correlation between these three phenomena can be established – but not their identity or the existence of a causative process. First of all you need to find a website that offers Glype themes for free.

  49. I’ve been exploring for a little bit best blender for making smoothies (Francesco) any high-quality articles or weblog posts
    in this kind of house . Exploring in Yahoo I ultimately stumbled upon this site.
    Studying this information So i aam satisfied to
    express that I’ve an incredibly just right uncanny feeling
    I found out exactly what I needed. I such a lot indubitably will make certain to don?t
    forget this website and give it a glance on a constant basis.

  50. Thanks for the good writeup. It actually was a amusement account it. Glance complex to more brought agreeable from you! By the way, how could we keep in touch?

  51. Sometimes I contemplate if folks truly take time to publish something original, or are they only just dishing out words to fill a site. This surely doesn’t fit that mold. Thank you for taking the time to write with awareness. Now And Then I look at a page and question whether they even proofread it.Fantastic work with this article.

  52. You’re the guy that told me he is making a killing in the fishing industry.
    As a result, you will earn more money and you will insure
    that you are an asset to your company by proving yourself to be
    just that so it is better to finish college fast.

    Online colleges accept credits from other accredited schools, including
    those in Latin America.

  53. hi!,I like your writing very so much! percentage we
    keep up a correspondence extra approximately your post on AOL?
    I need a specialist on this house to solve my problem.

    May be that is you! Looking forward to see you.

  54. I’m amazed, I must say. Rarely do I encounter
    a blog that’s both equally educative and interesting, and let me tell you, you’ve hit the nail on the head.
    The issue is something which not enough men and women are speaking intelligently about.
    Now i’m very happy I found this in my hunt for something regarding this.

  55. Just want to say your article is as surprising. The clearness in your post is simply spectacular and i could
    assume you are an expert on this subject.
    Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please keep up the enjoyable work.

  56. This is the same situation, when the most depended way to store the data, which is the NTbackup utility in the
    system and the files that store and save the backup
    data namely. For you to the job way too hard from a home office your residence,
    frightened of the top escess weight. If you have
    already searched Google for chat code lists for GTA you will know what I’m talking about.

  57. Those who are treating you. However, while at the slowest pace of
    any cases that involve significant missed work from the chemical exposure.

    Use a white paper strip together,” Pastor Stanley preaches that people should aim at. Article 12 describes how contract price specialist tools and quality of education or qualification status.

  58. Hi there Yahoo performs great for me but your site is starting steadily which had taken just about a few minutes to actually load up, I don’t know whether or not it’s my
    problem perhaps website issue. Anyways, I’d like
    to say thanks for adding brilliant content. I believe this has been totally helpful user who click here.
    I must mention that you actually have done brilliant job with this and also wish to discover many more wonderful stuff from you.
    To get more understanding from posts that you post, I have book marked this url.

  59. I like the valuable information you supply on your articles.
    I’ll bookmark your blog and test again right here regularly.
    I’m quite certain I will be told a lot of new stuff right
    here! Best of luck for the next!

  60. Tremendous things here. I am very satisfied to peer your post.
    Thank you so much and I’m taking a look forward to contact you.
    Will you please drop me a mail?

  61. Great artwork! This can be a sort of data that should be distributed through the web. Waste for the look for applications without for a longer period placing this kind of publish superior! Seriously in excess of and also discuss with my website paneles publicitarios de leds. Thanks a lot Equals)

  62. I’d like to thank you for the efforts you have put in writing this blog. I’m hoping to check out the same high-grade blog posts by you in the future as well. In truth, your creative writing abilities has encouraged me to get my own, personal site now ;)|

  63. Hi I am not sure whether or not it’s me or simply yuor web blog
    but it is launching sluggish , I had to spend like a moment to load however gmail works well .
    However thank you for writing fantastic article.
    I think it really has been literally beneficial to visitor who seem to click here.
    I have to point out that you have done wonderful work with this as well as hope to discover much more brilliant stuff
    from you. After checking out the content, I have book
    marked your webblog.

  64. Hi I don’t know whether it’s me or simply your site but it is loading
    slowly for me, it took me sort of a couple of minutes
    to successfully load up however facebook operates perfectly for me.

    However , I appreciate you for putting up beautiful article.
    I assume it has been useful to lots of individuals .
    This one is actually incredibly good what you actually have implemented
    on this page and want to check out articles from
    your site. To get more understanding through content you
    publish, I have bookmarked this web page.

  65. In this awesome pattern of things you actually secure a B+ for hard work. Exactly where you confused me personally was on all the specifics. You know, they say, details make or break the argument.. And it could not be much more correct in this article. Having said that, allow me tell you just what exactly did deliver the results. Your article (parts of it) is actually rather engaging and this is most likely the reason why I am making the effort in order to opine. I do not make it a regular habit of doing that. 2nd, although I can see the leaps in reasoning you come up with, I am not necessarily convinced of exactly how you appear to connect the ideas which produce your final result. For the moment I will subscribe to your issue but trust in the near future you actually connect the dots much better.

Leave a Reply

Your email address will not be published. Required fields are marked *

*