purchases journal

What Are The Examples Of Journal?

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What Are The Examples Of Journal? Sales: income you record from sales. Accounts receivable: money you’re owed. Cash receipts: money you’ve received. Sales returns: sales you’ve refunded. Purchases: payments you’ve made. Accounts payable: money you owe. Equity: retained earnings and owners’ investment. What is journal writing with example? Journal writing is the process of recording

What Is The Purpose Of A Special Journal?

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What Is The Purpose Of A Special Journal? Special journals are all accounting journals except for the general journal. These journals are used to record specific types of high-volume information that would otherwise be recorded in and overwhelm the general ledger. Why do companies use special journals? Instead of having just one general journal, companies