Generally,all transactions are recorded in both a special journal and the general journal.

Name: Generally,all transactions are recorded in both a special journal and the general journal.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Special journals are used for recording common types of transactions such as sales, purchases, cash receipts, and cash disbursements. Transactions that do not fit into the categories of the special journals are recorded in the general journal. Not all transactions are recorded in both.

Generally,all Transactions Are Recorded in Both a Special Journal and the General