When special journals are utilized:
A)A general journal is not required.
B)Segregation of duties is required.
C)A general journal is still utilized for infrequent and unique journal entries.
D)A general ledger is not required.

Question

Quizplus · Accepted Answer

Special journals are used to record routine transactions, but infrequent and unique journal entries still require the use of a general journal. Therefore, a general journal is still utilized alongside special journals. Segregation of duties may be beneficial but is not a requirement for using special journals. A general ledger is still required to post transactions from special and general journals.

When Special Journals Are Utilized