Cash Receipts
What are Cash Receipts?
Cash receipts are those transactions where the business has received cash – including currency, coins, check, electronic cash payment.
![cr1](https://seeaccountingnow.online/wp-content/uploads/2020/04/cr1.jpg)
How it Works
Typically, a business receives most of its cash from two sources.
![](https://seeaccountingnow.online/wp-content/uploads/2020/04/cr2.jpg)
It will receive cash from sales.
![cr3](https://seeaccountingnow.online/wp-content/uploads/2021/06/cr3.jpg)
The business will deposit these takings in the bank.
![](https://seeaccountingnow.online/wp-content/uploads/2020/04/cr4.jpg)
It will also receive cash from customer payments.
![cr5](https://seeaccountingnow.online/wp-content/uploads/2021/06/cr5.jpg)
Again, the business will deposit this money in the bank.
![](https://seeaccountingnow.online/wp-content/uploads/2020/04/cr6.jpg)
In the days of manual accounting, you would record these transactions in the cash receipts journal.
![cr7](https://seeaccountingnow.online/wp-content/uploads/2021/06/cr7.jpg)
© R.J. Hickman 2020