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WHAT IS CPJ AND CRJ

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asked Jun 21, 2012 by anonymous

1 Answer

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CPJ is a Cash Payments Journal. This is the book in which businesses record ALL money spent on buy stock, stationery, paying expenses etc.

CRJ is the Cash Receipts Journal. This book is used to record all incomes. From rent to sales to interest on investments etc.

These two books are the fundamental books of a business.
answered Jun 21, 2012 by Colin from  Mfundi (6,100 points)

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