Asked by
KYRIEE TOBIAS
on Nov 12, 2024Verified
In which journal would the payment of salaries be posted?
A) cash receipts journal
B) special journal
C) cash payments journal
D) expense journal
Cash Payments Journal
This is a special journal used in accounting to record all cash outflows or payments made by the business, including expenses, creditor payments, and cash purchases.
Payment Salaries
The process of disbursing funds to employees as compensation for their work over a certain period.
Special Journal
A designated financial journal in accounting that records specific types of transactions, such as sales or purchases, to simplify and streamline accounting processes.
- Pinpoint and sort transactions in the fitting journals.
Verified Answer
HB
Learning Objectives
- Pinpoint and sort transactions in the fitting journals.