All about special Journals

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6 Points Posted on 15 December 2020
Hi guys! just want to ask if where do we record cash investments and cash withdrawals in 5 special Journals?


if the transaction is Paid an account in full 5,000. Issued check no.020. What will be the entry in cash disbursement journal?
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On 15 December 2020 at 18:54 Report
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This discussion explores the correct placement of cash investments and withdrawals within special journals. It clarifies how to record a payment made in full using a cheque, specifically detailing the entry in the cash disbursement journal. The core principle of debiting what comes in and crediting what goes out for cash transactions is highlighted.

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My grammar is 💯 good I
7306 Points Posted on 15 December 2020

It is only cash journal as far as I know. Since cash is real account, debit what come in and credit what goes out. So I’m on the credit side of the journal, enter, By cheque 5,000₹

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On 15 December 2020 at 19:27
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6 Points Posted on 15 December 2020
Thanks a lot😊
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On 15 December 2020 at 19:29

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