Entries in the cash payments journal are made from
A) sales invoices.
B) purchase invoices.
C) prenumbered checks.
D) canceled checks.

Question

Quizplus · Accepted Answer

Cash payments journal is used to record all cash payments made by the company. Entries are made from prenumbered checks issued by the company to pay for various expenses like rent, utilities, salaries, etc. Sales invoices and purchase invoices are recorded in a sales journal and a purchases journal respectively. Canceled checks are not recorded in the cash payments journal.

Entries in the Cash Payments Journal Are Made from