Special Journals and Accounting Terminology
Classified in Economy
Written at on 
English with a size of 1.59 KB.
*SPECIAL JOURNALS: Journals that have amount columns for recording debits and credits to specific general ledger accounts.
*SALES JOURNAL: A special journal used to record only the sale of merchandise on account.
*FOOTING: A column total written in small penciled figures.
*CASH RECEIPTS JOURNAL: A special journal used to record all transactions in which cash is received.
*SCHEDULE OF ACCOUNTS RECEIVABLE: A list of each charge customer, the balance in the customer's account, and the total amount due from all accounts.
*PURCHASES JOURNAL: A special journal used to record all transactions in which items are bought on account.
*CASH PAYMENTS JOURNAL: A special journal used to record all transactions in which cash is paid out or decreased.
*SCHEDULE OF ACCOUNTS PAYABLE: A list of all creditors in the accounts payable ledger, the balance in each account, and the total amount owed to all creditors.
*PROVING CASH: The process of verifying that cash recorded in the accounting records agrees with the amount entered in the checkbook.