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- There are several types of accounting journals, including12:
- Purchase Journal: Records credit purchases of merchandise.
- Sales Journal: Records credit sales of merchandise.
- Cash Receipts Journal: Records cash received.
- Cash Payment Journal: Records cash payments.
- Purchase Return Journal: Records returns of purchased items.
- Sales Return Journal: Records returns of sold items.
- General Journal: Used for day-to-day transactions not separated into individual accounts3.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.7 Types of Accounting Journals: Explained with Examples
www.iedunote.com/types-of-accounting-journalThere are seven different types of journals: purchase, purchase returns, cash receipts, cash disbursements, sales, sales returns, and general.www.financestrategists.com/accounting/general-jo…Finance departments may use two types of accounting journals: general and special. They exist as either physical books or in software. A general journal is used to record day-to-day transactions in your accounting system. These transactions aren’t separated into individual accounts.www.indeed.com/career-advice/career-developme… - People also ask
- Purchase Journal. The special journal used for recording the credit purchase …
- Sales Journal. Sales journal is used for recording the credit sale of …
- Cash Receipts Journal. The special journal used for recording all types of …
- Cash Payment Journal. The; special journal used for recording various …
- Purchase Return Journal. The special journal, where purchase returns of …
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