Special journals enable a substantial time savings and make for a more efficient posting process.

Question

Quizplus · Accepted Answer

Special journals are specifically designed to record and summarize transactions of a similar nature, such as sales, purchases, cash receipts, and cash disbursements. Using special journals can save time compared to posting each individual transaction to a general ledger account, which can result in a more efficient posting process.

Special Journals Enable a Substantial Time Savings and Make for a More