Which journal summarizes all cash received by a business during a month?

The Cash Receipts Journal is specifically designed to track and summarize all cash inflows for a business within a given period, such as a month. This journal captures various sources of cash receipts, including cash sales, collections from accounts receivable, and other cash income. By maintaining this journal, businesses can effectively monitor their cash flow, ensuring that they have a clear record of all money received during the period.

In the context of other types of journals, the Cash Payments Journal is used for documenting cash outflows or payments made by the business, while the Sales Journal records credit sales, which may not always involve immediate cash income. The Purchases Journal primarily focuses on credit purchases and does not account for cash transactions. Thus, the Cash Receipts Journal distinctly serves the purpose of summarizing all cash received, making it the accurate choice in this scenario.