Cash disbursement journals also are known as ________.
A) sales journals
B) purchases journals
C) cash receipts journals
D) cash payments journals

Question

Quizplus · Accepted Answer

Cash disbursement journals are used to record all the cash payments made by a company during a specific period, whether it be for operating expenses, payroll, or investments. This information is recorded in a cash payments or cash disbursement journal. Thus, option D is the correct answer. Option A is incorrect because sales journals are used to record all sales made during a specific period. Option B is incorrect because purchases journals are used to record all purchases made during a specific period. Option C is incorrect because cash receipts journals are used to record all cash receipts made by a company during a specific period.

Cash Disbursement Journals Also Are Known as ________