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Cash Receipt and Disbursement Flow Diagram Official Receipt/ Cash Voucher

This flow diagram outlines the process for cash receipts and disbursements as well as sales and purchases on account. For cash transactions, an official receipt or cash voucher is issued, then the transaction is recorded in either the cash receipt or cash disbursement journal before posting to the relevant subsidiary ledger. For sales and purchases on account, an invoice is issued and the transaction recorded in either the sales or purchases journal and then posted to accounts receivable or accounts payable subsidiary ledgers. Money column totals from the special journals are posted to the general ledger at month end.

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Ezekiel Lapitan
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Download as DOCX, PDF, TXT or read online on Scribd
295 views

Cash Receipt and Disbursement Flow Diagram Official Receipt/ Cash Voucher

This flow diagram outlines the process for cash receipts and disbursements as well as sales and purchases on account. For cash transactions, an official receipt or cash voucher is issued, then the transaction is recorded in either the cash receipt or cash disbursement journal before posting to the relevant subsidiary ledger. For sales and purchases on account, an invoice is issued and the transaction recorded in either the sales or purchases journal and then posted to accounts receivable or accounts payable subsidiary ledgers. Money column totals from the special journals are posted to the general ledger at month end.

Uploaded by

Ezekiel Lapitan
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CASH RECEIPT AND DISBURSEMENT FLOW DIAGRAM

OFFICIAL RECEIPT/ CASH


VOUCHER

Y N
NATIN?

CASH RECEIPT CASH DISBURSEMENT


JOURNAL JOURNAL
Write: Write:
1. Date 1. Date
2. OR No. 2. OR No.
3. Name of Customer 3. Name of Supplier
4. Amount in Cash 4. Amount in Cash
Column Column

Y
CR JOURNAL Sales of CD JOURNAL
Y
Write: Goods? Purchase Write:
5. Amount in Sales of Goods? 5. Amount in Sales
Column N Column
N

CR JOURNAL CD JOURNAL
Y
Write: Y Payment of Write:
5. Amount in A/R Collection of Payables? 5. Amount in A/P
Column Receivables? Column
6. Discount (if any) in N 6. Discount (if any) in
Sales Discount N Purchase Discount
Column CD JOURNAL Column
CR JOURNAL Write: 7. Cash paid in Cash
Write: 5. Account Title used column
POST TO A/R 5. Account Title used in the Other
SUBSIDIARY LEDGER in the Other Account for the POST TO A/P
Write: Account for the amount paid SUBSIDIARY LEDGER
1. Date cash received 6. Amount in the Write:
2. Description 6. Amount in the adjacent column 1. Date
(Collection) adjacent column 2. Description
3. Posting Reference (Payment)
(CR-<page no.>) 3. Posting Reference
4. Amount in the BACK TO CASH BACK TO CASH (CD-<page no.>)
credit side, Minus RECEIPT JOURNAL PUT DISBURSEMENT JOURNAL 4. Amount in the
to Balance A  MARK ON THE PUT A  MARK ON THE debit side, Minus to
POSTING REFERENCE POSTING REFERENCE Balance
SALES OR PURCHASES ON ACCOUNT FLOW DIAGRAM

INVOICE

Y N
NATIN?

SALES JOURNAL PURCHASES JOURNAL


Write: Write:
1. Date 2. Date
2. Invoice No. 3. Invoice No.
3. Name of Customer 4. Name of Supplier
4. Amount 5. Amount in
Accounts Payable
Column
POST TO A/R
SUBSIDIARY LEDGER
Y PURCHASES JOURNAL
Write:
Purchase Write:
1. Date
of Goods? 1. Amount on
2. Description (Sales
Purchases Column
of Goods) N
3. Posting Referense
(S-<page no.>) Y PURCHASES JOURNAL
4. Amount in the Purchase of Write:
debit side, Plus to Supplies? 5. Amount on
Balance Supplies Column
N

PURCHASES JOURNAL POST TO A/P


BACK TO SALES
Write: SUBSIDIARY LEDGER
JOURNAL PUT A 
5. Account Title of Write:
MARK ON THE
asset purchased 1. Date
POSTING REFERENCE
6. Amount on the 2. Description
adjacent column (Purchase of
Note: ________)
 Transactions that do not fit in the special 3. Posting Referense
journal is recorded in the General Journal (P-<page no.>)
 At the end of the month/period, all money 4. Amount on the
BACK TO PURCHASES
columns, except Other Accounts, in the special credit side
JOURNAL PUT A 
journals are totalled and the totals are posted 5. Plus to Balance
MARK ON THE
in the General Ledger. Each entry in the Other POSTING REFERENCE
Accounts and General Journal are also posted
to the ledger.
 First entry in each money column (per page)
and the totals must have Peso sign.

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