Which of the following is NOT a purpose served by special journals?
A) They reduce the number of postings to the general ledger.
B) They eliminate the general journal.
C) They provide details of sales transactions together.
D) They make it easier to find errors.

Question

Quizplus · Accepted Answer

Special journals do not eliminate the general journal. The general journal is still used for non-routine transactions or adjustments. Special journals provide a way to group and record similar types of transactions in a more efficient manner, reduce the number of postings to the general ledger, provide details of sales transactions together, and make it easier to find errors.

Which of the Following Is NOT a Purpose Served by Special