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
^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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