Font size
WorksheetsCash Payments Journal
Total questions: 10
Worksheet time: 10mins
All cash transactions have to be recorded on (a) documents.
Every time you pay, it is a payment made for:
(a)
A transaction takes place every time money (a) hands between the business and another party.
Source documents used for a CRJ (cash receipts journal) are:
original receipts
copies of receipts
cash register rolls
cash or till slips
deposit slips
Source documents used for the CPJ (Cash payment journal) are:
Original Receipts
Copies of receipts
cash or till slips
cheque and cheque counteroils
Payments indicate money going (a) of the account.
CRJ and CPJ are updated on a:
daily basis
weekly basis
monthly basis
yearly basis
When we record an amount twice in a subsidiary journal (CRJ/CPJ) showing the affect on the account and the purpose for the transaction, we call this important principle the:
Accounting principle
Double point principle
Double entry principle
Have you ever seen a real cheque?
Everyday, I even know how to write one
A few times, my granny still uses them.
Once, maybe, mm, not sure
What is that?
What part if any of the CRJ did you find a little challenging?
