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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

If a cash payments journal is supposed to save time spent writing, why are there so many entries in the Other Accounts Debit column?

To determine

Give reason for many entries in other accounts debit column when cash payment journal is supposed to save time spent writing.

Explanation

Cash payments journal is the special journal entry used to record all the transactions that cash goes out or decreases in the cash account. In the cash payment journal the transactions which are credit the cash must be recorded. This cash payment journal may be used for a service or merchandising business...

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