A recommended accounting practice in order to eliminate a General Debit column in the cash payments journal is to provide separate columns for special groups of entries such as Accounts Payable, Purchases, Purchases Discounts, and Cash.
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Q28: Each general ledger account used in the
Q29: A journal that is not used by
Q30: A common approach to keeping a record
Q31: When posting the cash receipts journal to
Q32: A journal designed for entering only sales
Q34: It is an acceptable business practice to
Q35: It is important to post every column
Q36: Summary posting from the sales journal normally
Q37: Individual amounts for purchases returns and allowances
Q38: The total of the General Debit Column
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