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What are two or three types of special journals?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Hi, Explain about the two or three types of special journals?

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9 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

스포츠토토 토토사이트 안전놀이터 슬롯사이트 주소 토토 뱃사공 bebe40.com 스포츠중계 안철수관련주 인기유투브 가상화폐거래 미국대북제재 송해나이 우리카지노 플레이테크 센즈카지노 엠지엠 해외사이트

메이저급 사설 토토사이트 스포츠토토사이트 추천업체 도메인 메이저 토토사이트 토토사이트 주소 리스트 뱃사공의 안내서 촉나라 토토사이트 전문 브랜드 토토사이트 메이저 사설 토토사이트 오래된 토토사이트 추천목록 토토사이트 추천목록 참고사항 정리 안전한 안전공원 안전공원 스포츠분석 전문 먹튀없는 해외 토토사이트 해외 토토사이트 와 토토놀이터 스포츠전문가의 메이저 안전놀이터 메이저 안전놀이터 스포츠토토 추천 해외축구 스포츠 토토사이트 스포츠 토토사이트 뱃365 배당 스포츠토토 토토사이트 안전놀이터 슬롯사이트 주소 토토 뱃사공 bebe40.com 스포츠중계 안철수관련주 인기유투브 가상화폐거래 미국대북제재 송해나이 우리카지노 플레이테크 센즈카지노 엠지엠 해외사이트 좋은 안전 사설토토 안전 사설토토 하는 곳 좋은 사설 안전놀이터 사설 안전놀이터 도메인 믿을 수 있는 안전토토사이트 안전토토사이트 리스트 찐 토토사이트추천 토토사이트추천 홍보사이트 스포츠토토 최고의 안전메이저놀이터 안전메이저놀이터 리스트 추천 무제재 토토사이트 목록 토토사이트 목록 놀이터추천 사이트 무사고 안전공원 주소 안전공원 주소 스포츠 전문 토토 해외안전놀이터 해외안전놀이터 뱃사공리스트 사설 스포츠사이트 프로토승부식 프로토승부식 방법 토토업체 토토사이트 도메인 토토사이트 도메인 찾기 먹튀없는 탑급 메이저사이트 탑급 메이저사이트 언옵 야구배팅 토토사이트 홍보 토토사이트 홍보 정사이트 크로스 안전메이저놀이터 안전메이저놀이터 토토 라이브스포츠 사설토토 추천 사설토토 추천 업체 탑3 해외 안전놀이터 해외 안전놀이터 업체 리스트 추천하는 공식 토토사이트 주소 공식 토토사이트 주소 뜻 검증 완료된 해외의 토토사이트 해외의 토토사이트 주소 무료 스포츠중계 해외 축구 스포츠중계 사이트 안전 토토 토토사이트 추천 토토사이트 추천 코드 얻는 법 메이저사이트 업체 안전놀이터 안전놀이터 베팅사이트 가입 고화질중계 좋은 메이저놀이터 사이트 토토 메이저놀이터 추천 스포츠토토 무료 스포츠중계 고화질 무료 스포츠중계 고화질 사이트 메이저놀이터 안전 토토사이트 추천 리스트 안전 토토사이트 추천 목록 오래된 토토 메이저놀이터 좋은 토토 메이저놀이터 추천 먹튀검증 완벽한 토토 스포츠토토 블로그 토토 스포츠토토 전문 정보 유명한 토토 안전놀이터 모음 토토 안전놀이터 검증 목록 무사고 베팅 메이저 토토사이트 업체 스포츠토토 메이저놀이터 업체 추천 보증 코드 무료 스포츠중계TV 스포츠중계 무료 TV 사이트 추천하는 토토사이트 안전 가입코드 토토사이트 가입을 위한 코드 매우 안전하고 좋은 안전 사설토토 사이트 사설토토 배팅 사이트 추천 뱃사공 보증 스포츠토토 사이트 좋은 스포츠토토 놀이터 촉나라 추천 안전 바카라 사이트 바카라사이트 좋은 곳 전문가 뱃사공 온라인 카지노사이트 카지노사이트 추천 리스트 토토 미니게임 파워볼사이트 안전 파워볼 전용 사이트 추천 뱃사공의 검증시스템 먹튀검증 사이트 토토 먹튀검증 전문가 믿고 쓰는 토토 안전놀이터 토토 안전놀이터 추천 업체 온라인 전문 슬롯머신 사이트 슬롯머신 잭팟 놀이터추천 확실한 토토 전문가의 안전 토토 안전 토토 사설 사이트 유럽 남미 해외축구 해외축구 중계 정보 가장 인기있는 안전 메이저놀이터 좋은 안전 메이저놀이터 코드 배당 좋은 승무패 사이트 토토 승무패 사이트 추천 사설 안전한 안전 배팅사이트 확실한 안전 배팅사이트 추천

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Special journals are designed as a simple way to record the most frequently occurring transactions. There are four types of Special Journals that are frequently used by merchandising businesses: Sales journals, Cash receipts journals, Purchases journals, and Cash payments journals.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Sales journals record all sales a business makes to customers on account, which means no money changes hands between the company and the customer at the time of the sale. Cash receipts journals record cash sales, customer payments on account, or interest and dividend payments.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

To provide this information, companies use a subsidiary ledger to keep track of individual balances. A subsidiary ledger is a group of accounts with a common characteristic, e.g., all are customer accounts, that is, all are accounts receivable. The subsidiary ledger facilitates the recording process by freeing the general ledger from the details of individual balances. Thus, a typical merchandising enterprise has subsidiary ledgers containing accounts with customers (accounts receivable or customers' ledger) and creditors (accounts payable or creditors' ledger). The enterprise maintains an account in the general ledger that summarizes the details in the accounts receivable and accounts payable ledgers. This summary account in the general ledger is called a control account, because the summary account controls the subsidiary ledger. The general ledger control account balance must equal the composite balance of the individual accounts in the subsidiary ledger.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Consider some examples of special accounting journals and some transactions they may contain: Sales journals record all sales a business makes to customers on account, which means no money changes hands between the company and the customer at the time of the sale. Cash receipts journals record cash sales, customer payments on account, or interest and dividend payments. Cash disbursement journals show any payment the business makes using a form of cash. These entries include purchases transactions or payments on debt.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

> What are two or three types of special journals? --A business constantly needs detailed information about its dealings with individual customers and creditors. Imagine a business with several thousand charge (credit) customers and the transactions with these customers are shown in only one account, Accounts Receivable, in the general ledger. It would be virtually impossible to determine the balance owed by an individual customer at a specific time. Similarly, details of transactions affecting a single creditor are needed from time to time, and a single Accounts Payable account in the general ledger cannot make this information available. --Consider some examples of special accounting journals and some transactions they may contain: --Sales journals record all sales a business makes to customers on account, which means no money changes hands between the company and the customer at the time of the sale. --Cash receipts journals record cash sales, customer payments on account, or interest and dividend payments. --Cash disbursement journals show any payment the business makes using a form of cash. These entries include purchases transactions or payments on debt. --Purchases journals show purchases a company makes on account. --Payroll journals record all payroll transactions, including gross wages, taxes withheld, and other deductions, such as health insurance paid by the employee, leading to net pay, which is the amount shown on the employee’s check. --While an accrual-based business will have cash journals, a cash-based business won’t have a sales or purchases journal as a cash-based business only recognizes transactions when cash changes hands.

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Open uri20170510 32134 1c996lj?1494421732 answered

A business constantly needs detailed information about its dealings with individual customers and creditors. Imagine a business with several thousand charge (credit) customers and the transactions with these customers are shown in only one account, Accounts Receivable, in the general ledger. It would be virtually impossible to determine the balance owed by an individual customer at a specific time. Similarly, details of transactions affecting a single creditor are needed from time to time, and a single Accounts Payable account in the general ledger cannot make this information available. Expansion of the Ledger - Subsidiary Ledgers Expansion of the Journal Special Journals Exercises EXPANSION OF THE LEDGER - SUBSIDIARY LEDGERS To provide this information, companies use a subsidiary ledger to keep track of individual balances. A subsidiary ledger is a group of accounts with a common characteristic, e.g., all are customer accounts, that is, all are accounts receivable. The subsidiary ledger facilitates the recording process by freeing the general ledger from the details of individual balances. Thus, a typical merchandising enterprise has subsidiary ledgers containing accounts with customers (accounts receivable or customers' ledger) and creditors (accounts payable or creditors' ledger). The enterprise maintains an account in the general ledger that summarizes the details in the accounts receivable and accounts payable ledgers. This summary account in the general ledger is called a control account, because the summary account controls the subsidiary ledger. The general ledger control account balance must equal the composite balance of the individual accounts in the subsidiary ledger. As indicated, two common subsidiary ledgers are: (1) the accounts receivable ledger or customers' ledger, controlled by the general ledger account, Accounts Receivable; and (2) the accounts payable ledger or creditors' ledger, controlled by the general ledger account, Accounts Payable. In subsidiary ledgers, the individual accounts are usually arranged in alphabetical order.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Sales journals record all sales a business makes to customers on account, which means no money changes hands between the company and the customer at the time of the sale. Cash receipts journals record cash sales, customer payments on account, or interest and dividend payments. Cash disbursement journals show any payment the business makes using a form of cash. These entries include purchases transactions or payments on debt.

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Open uri20170510 32134 s5bvk0?1494421637 answered

Dear Friend, as far as your query is concerned that What are two or three types of special journals? Let me informed that If a company has many similar transactions, it uses special accounting journals. Consider some examples of special accounting journals and some transactions they may contain: Sales journals record all sales a business makes to customers on account, which means no money changes hands between the company and the customer at the time of the sale. Cash receipts journals record cash sales, customer payments on account, or interest and dividend payments. Cash disbursement journals show any payment the business makes using a form of cash. These entries include purchases transactions or payments on debt. Purchases journals show purchases a company makes on account. Payroll journals record all payroll transactions, including gross wages, taxes withheld, and other deductions, such as health insurance paid by the employee, leading to net pay, which is the amount shown on the employee’s check. While an accrual-based business will have cash journals, a cash-based business won’t have a sales or purchases journal as a cash-based business only recognizes transactions when cash changes hands. Hope answer was helpful to you Regards, Arjun Pratap Singh

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