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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Closing Cash Disbursements Journal

The procedure for closing out the cash disbursements journal is similar to the one for the cash receipts journal. The Accounts Payable account is the control account for disbursements.

Reviewing Accounts Payable

Most businesses have numerous subaccounts that feed into Accounts Payable so they can track specific expenses. For example, if you’ve set up individual vendor accounts for your major vendors, your first step will be to prove out those accounts and then check to be certain the total of bills paid and still due match what is in your cash disbursements journal.
When it comes time to close the books at the end of a month, you probably will have bills you paid that represent quarterly or annual payments. ...

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