Scribd Logo
Upload

Welcome to Scribd!

  • 12 views

    Special Journals

    Uploaded by

    Jotaro Kujo

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Special Journals

    Uploaded by

    Jotaro Kujo
    12 views1 page

    Original Title

    SPECIAL-JOURNALS

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views1 page

    Special Journals

    Uploaded by

    Jotaro Kujo

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    SPECIAL AND COMBINATION JOURNAL, AND VOUCHER SYSTEM

    SPECIAL JOURNALS
     are journals of original entry other than the
    general journal that are designed for recording
    specific types of transaction (Sales, Cash In, Cash
    Out) of a similar nature

    TYPES OF SPECIAL JOURNALS


    SALES JOURNAL
    sales of merchandise on account
     Sales Journal Book is used to record the sales
    transactions
    Invoice Number
    PURCHASE JOURNAL
     credit purchases of merchandise and other items
     Purchase Journal Book is used to record purchase
    transactions
    Receiving Report
    CASH RECEIPTS JOURNAL
     receipts of cash
     Cash Receipt Journal Book is used to record cash
    receipts transactions
    Official Receipt
    CASH DISBURSEMENT JOURNAL
    payment of cash
     Cash Disbursement Journal Book is used to record
    cash disbursement transactions
    Check Number

    General Journal – journal entries that do not fit in the


    other journal
    Subsidiary Ledger – provides details behind entries
    in the general ledger used in accounting. It is a list of
    individual accounts that record transactions with
    common characteristics (Customer/Supplier) linked
    to a controlling account (General Ledger)
    ADVANTAGES OF SPECIAL JOURNALS
    Namomonitor yung transaction
    Naleless yung workload of the recorder
    Nacclassify yung transaction in similar nature

    You might also like