Which of the following is a reason why companies use special journals?
A) to reduce the time needed to complete the various accounting activities
B) to provide for a chronological listing of similar transactions
C) to divide the accounting task
D) All of the above are reasons why companies use special journals.

Question

Quizplus · Accepted Answer

Special journals are used to streamline and organize accounting processes, making it easier to manage, record, and analyze similar transactions efficiently. They help in reducing the time needed for accounting activities, provide a chronological listing of similar transactions, and divide the accounting task among different journals for better management and specialization.

Which of the Following Is a Reason Why Companies Use