A chronological listing of all payments is referred to as a(n):
A)Remittance Advice
B)Cash Disbursements Journal
C)Accounts Payable Ledger
D)Purchases Journal

Question

Quizplus · Accepted Answer

A cash disbursements journal is used to record all payments made by a company, including the date, payee, amount, and purpose of the payment. This creates a chronological listing of all payments made by the company. Remittance advice, accounts payable ledger, and purchases journal all relate to the accounts payable process but do not record a chronological listing of all payments.

A Chronological Listing of All Payments Is Referred to as A(n)