The efficiency of recording numerous business transactions can be best improved by the use of
A)prenumbered source documents.
B)specialized journals.
C)posting references.
D)subsidiary ledgers.

Question

Quizplus · Accepted Answer

Specialized journals are designed to record specific types of transactions, such as sales, purchases, and cash receipts. By using these journals, businesses can streamline their record-keeping process and avoid the need to record each individual transaction in a general ledger. This can help to improve efficiency and accuracy, as well as make it easier to track and analyze specific types of transactions. While using prenumbered source documents, posting references, and subsidiary ledgers can also be helpful in improving record-keeping efficiency, specialized journals are specifically designed for this purpose and are the best choice for improving efficiency when recording numerous business transactions.

The Efficiency of Recording Numerous Business Transactions Can Be Best