When a company uses special journals,the general journal is used to record selected transactions and events including:
A)Closing entries.
B)Sales on credit.
C)Cash payments.
D)Credit purchases.
E)Credit sales.

Question

Quizplus · Accepted Answer

When a company uses special journals for transactions such as sales on credit, cash payments, credit purchases, and credit sales, the general journal is typically only used for special transactions such as adjusting entries and closing entries at the end of an accounting period.

When a Company Uses Special Journals,the General Journal Is Used