In which journal would the payment of salaries be posted?
A) cash receipts journal
B) special journal
C) cash payments journal
D) expense journal

Question

Quizplus · Accepted Answer

The payment of salaries would be recorded in the cash payments journal as it is an outgoing cash transaction. The cash receipts journal would record incoming cash payments, the special journal is a generic term that could refer to any specialized journal used by a particular business, and the expense journal would record expenses such as supplies and utilities, but not specifically the payment of salaries.

In Which Journal Would the Payment of Salaries Be Posted