Special journals are:
A)Utilized for infrequent special journal entries
B)For regular and recurring transactions
C)Not utilized in automated accounting processes
D)Often the source of information regarding a specific customer

Question

Quizplus · Accepted Answer

Special journals are used for regular and recurring transactions such as sales, purchases, and cash receipts. They are utilized to streamline the bookkeeping process and improve efficiency. They are often used in automated accounting systems to automate the posting of transactions. Special journals are not typically used for infrequent transactions and are not the source of information regarding a specific customer.

Special Journals Are