Which Special Journal Is Used To Record Money Received
A Special Journal (Cash Receipts Journal) Used To Record Money Received Cash Receipts Journal is used to record all those transactions which involve cash receipts. Cash receipts transactions include Cash Sales , cash collected from customers, revenue Received, etc. Example, Mr. A is a sole proprietor received cash of Rs. 4000 from customer, Mr. B for merchandise / goods sold on account. In this transaction, cash receipts of Rs. 4000 from customer, Mr. B is to be recorded in cash receipts journal. The journal is to record is shown below: Cash Collected From Customers Journal Entry / Cash Received From Customers Journal Entry Cash a/c 4000 Mr. B 4000 (Cash Received From Customer) Cash account is debited as it is rece