Cash Receipts Journal
What is a Cash Receipts Journal?
A cash receipts journal is used to record any cash the business receives.
How it Works
Before computers, transactions were recorded in a series of journals.
If recording cash takings from sales, for example, you record the amount in the sales column.
By using it, you are showing that a sum of money has come from sales.
At the same time, you record the transaction amount in the bank column.