Which journal is specifically used to record only cash payment transactions?

The cash payments journal is specifically designed to record only cash payment transactions. This journal provides a streamlined and focused way to track all transactions that involve cash outflows, such as payments made to suppliers, vendors, or for expenses incurred.

By using a dedicated cash payments journal, an organization can efficiently monitor its cash disbursements, maintaining better control over cash flow and ensuring that all payments are recorded consistently. This ensures clarity and simplifies the reconciliation of cash transactions, providing a detailed account of where cash is being spent.

In contrast, other journals serve different purposes. The sales journal is used for recording credit sales, while the purchase journal records credit purchases. The general journal is a versatile recording tool for various transactions not covered in specialized journals, making it less focused than the cash payments journal concerning cash outflows. Thus, the cash payments journal is the best choice for capturing only cash payment transactions.