Entries in the cash payments journal are posted daily to the accounts payable subsidiary ledger and monthly to the general ledger.

Name: Entries in the cash payments journal are posted daily to the accounts payable subsidiary ledger and monthly to the general ledger.
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Entries in the cash payments journal are first recorded in the accounts payable subsidiary ledger to track individual vendor accounts, and then summarized monthly in the general ledger to report the total cash payments for the period.

Entries in the Cash Payments Journal Are Posted Daily to the Accounts