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Name Date THE CASH RECEIPTS JOURNAL Objectives After completing this chapter, you should be able to:1. Record transactions in a cash receipts journal. 2. Total, prove, and rule the cash receipts journal.3.
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Form cash receipts is a document used to record all cash transactions received by a business.
All businesses that receive cash payments are required to file form cash receipts.
Form cash receipts should be filled out by recording the date, amount, source, and purpose of each cash transaction.
The purpose of form cash receipts is to track and document all cash transactions received by a business for accounting and tax purposes.
Form cash receipts must include details such as the date, amount, source, and purpose of each cash transaction.
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