Special Journals

Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.

Special journals are designed to record a specific type of transaction which occurs frequently. The following is a summary of the four most commonly used special journals:

1. purchases journal: used to record purchases on credit,
2. sales journal: used to record all sales made on credit,
3. cash payments journal: records all cash disbursements, and
4. cash receipts journal: records all cash receipts.

In certain instances, business documents such as purchases and sales invoices are used instead of special journals to reduce expenses.