Cash receipts journal

A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions related to receipts. Sales on account are booked instead in the sales journal.[1]

Cash receipts journal is considered as the separate part of Cash account/cash book as it records the cash inflow of the business. The source document of this prime entry book is Receipt.

A general structure of the Cash receipts journal

Date Receipt number Description Discount allowed Value Receipt analysis L/F
Cash sales Received from debtors Income received Other
01.04.2017 657890 Cash sales 50,000 50000
02.04.2017 657891 Dividends 10,000 10000
03.04.2017 657892 Additional capital 100,000 100,000
05.04.2017 657893 Debtors 1,000 9,000 9,000
1,000 169,000 50,000 9,000 10,000 100,000

References

  1. Jerry J. Weygandt; Paul D. Kimmel; Donald E. Kieso (5 January 2010). Accounting Principles. John Wiley and Sons. p. 608. ISBN 978-0-470-57725-7. Retrieved 3 April 2012.
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