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Chapter 17 vocab

Accounting 2

AB
cash payments journalA special journal used to record all transactions in which cash is paid out or decreased.
proving cashThe process of verifying that cash recorded in the accounting records agrees with the amount entered in the checkbook.
purchases journalA special journal used to record all transactions in which items are bought on account.
schedule of accounts payableA list of all creditors in the accounts payable ledger, the balance in each account, and the total amount owned to all creditors.


Teacher
Coral Springs Charter School
Coral Springs, FL

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