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Cash Receipts Journal

The Cash Receipts Journal records only receipt of cash regardless of the sources. Cash may be received from cash sales, sales debtors making payments, sale of motor vehicles or other assets, interest on investments, rent, dividends or royalties. Credit sales are not recorded in this journal.

The cash receipts journal below shows both debit (Dr) and credit (Cr) columns. The total of all the debit columns is equal to the total of all the credit columns. The totals of the debit columns are debited to their respective accounts in the general ledger. The credit column totals are credited to their respective accounts in the general ledger except the other accounts column. The other accounts column is for transactions that are not cash sales or credit sales. The transactions in this column are posted to individual accounts in the general ledger.

Each cash amount received as in the cash column is posted to either the personal accounts of debtors in the sales ledger/debtors ledger or appropriate accounts in the general ledger. In the table below, amounts received from Sonny Store and Father & Sons are credited to their own accounts in the sales ledger. Sales and rental income are credited to the sales and rental income accounts in the general ledger.


Cash receipts journal

Date Particulars Folio Cash Sales Discount All.
A/c Receivable Other A/cs
Dr Cr Dr Cr Cr
Sep 08 Sonny Store
3,325
175 3,500
Sep 11 Sales GL19
1,400 1,400


Sep 17 Rental Income

1,500
1,500
Sep 22 Sales GL19 1,200 1,200

Sep 29 Father & Sons
2,375 125 2,500
Total 9,800 2,600 300 6,000 1,500


Posting to General Ledger

Cash Account

Date Particulars Folio Amount
Date Particulars Folio Amount
20XX


$




$
Sep 30
Per Cash Book
CRJ9
9,800






Sales Account

Date Particulars Folio Amount Date Particulars Folio Amount
20XX $
Sep 30 Cash Sales for Sep
CRJ9 2,600


Discounts Allowed

Date Particulars Folio Amount
Date Particulars Folio Amount
20XX


$




$
Sep 30
For month of Sep
CRJ9
300






Accounts Receivable Account

Date Particulars Folio Amount
Date Particulars Folio Amount





20XX

$





Sep 30 Per Cash Book
CRJ9 6,000


Rental Income Account

Date Particulars Folio Amount
Date Particulars Folio Amount





20XX

$





Sep 30 For month of Sep
CRJ9 1,500


Sales Ledger

Sonny Store

Date Particulars Folio Amount
Date Particulars Folio Amount





20XX

$





Sep 08 Cash
CRJ9 2,375
Discounts CRJ9 175


Father & Sons

Date Particulars Folio Amount
Date Particulars Folio Amount





20XX

$





Sep 29
Cash
CRJ9 3,325
Discounts CRJ9 125

Last Updated (Friday, 03 September 2010 13:20)