Purchases and Cash Payments Journals a. What are the source documents for the purchases

Chapter 17, Problem 1

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QUESTION:

Purchases and Cash Payments Journals

a. What are the source documents for the purchases journal?

b. What are the source documents for the cash payments journal?  

Questions & Answers

QUESTION:

Purchases and Cash Payments Journals

a. What are the source documents for the purchases journal?

b. What are the source documents for the cash payments journal?  

ANSWER:

                                                                          Step 1 of 3

Purchase and cash payment journal are the special journals for recording credit purchases and cash payment related transactions. Cash payment may be for procurement of goods, payment of liabilities, or for other expenses.

                                                                         

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