Which transaction is normally recorded in a special journal?
A) sales returns
B) depreciation expense
C) purchases on account
D) issued stock dividend

Question

Quizplus · Accepted Answer

Purchases on account are typically recorded in a special journal called the purchases journal, which is used to record all purchases made on credit. This journal is used to keep track of purchases made from various suppliers and is important for managing accounts payable and tracking expenses. Sales returns are typically recorded in a separate journal called the sales returns and allowances journal, while depreciation expense and issued stock dividends are not typically recorded in special journals.

Which Transaction Is Normally Recorded in a Special Journal