A specialized journal
A)is used to record infrequent or non-routine transactions.
B)simplifies the process of recording large numbers of repetitive transactions.
C)records all detailed data for any general ledger account that has individual sub-accounts.
D)contains summary-level data for every account of the organization.

Question

Quizplus · Accepted Answer

Specialized journals are used to simplify the process of recording large numbers of repetitive transactions, such as sales, purchases, cash receipts, and cash disbursements, by grouping similar types of transactions.

A Specialized Journal