Describe the posting procedure for a cash payments journal

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Reference no: EM131518467

Question: 1. If a cash payments journal is supposed to save time spent writing, why are there so many entries in the Other Accounts Debit column?

2. Describe the posting procedure for a cash payments journal with an Other Accounts Debit column and several special columns, including an Accounts Payable Debit column.

Reference no: EM131518467

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