The payments journal may be used for the following -
A)full cash payment to suppliers
B)partial cash payment to suppliers
C)purchase transactions paid by cheque
D)all of the above

Question

Quizplus · Accepted Answer

The payments journal can be used for recording all types of payments, including full or partial cash payments to suppliers, as well as purchase transactions that are paid by cheque. Therefore, option D is the best choice.

The Payments Journal May Be Used for the Following -