do debits go in cash payments journals?

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do debits go in cash payments journals?

2007-05-23 13:03:11 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

Yes, because a debit is coming from your checking account so it would be a cash payment.

2007-05-23 13:19:47 · answer #1 · answered by Allan G 2 · 0⤊ 1⤋

ALL entries in ANY accounting journal have equal debits and credits. If you need to ask this type of question, I recommend learning more about accounting before trying to maintain any journal.

2007-05-23 14:03:40 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋

Definately. You must enter them in or your balance will be way off, and you will end up getting an overdraft, and that will cost you more money.

2007-05-23 13:22:56 · answer #3 · answered by Josie 2 · 0⤊ 1⤋