Which of these is the main advantage of setting up special journals?

Question

Quizplus · Accepted Answer

Special journals are used to record transactions that are similar in nature or occur frequently, such as sales or purchases. By recording these transactions in separate journals, it reduces the time taken to post them to the general ledger, as they can be summarized and posted in batches. This streamlining of the recording process is the main advantage of setting up special journals. Option A is incorrect as special journals can be used with both cash and accrual accounting systems. Option B is incorrect as double entry recording is still required, just in a more efficient manner. Option D is incorrect as the trial balance is prepared from the general ledger, which is not affected by the use of special journals.

Which of These Is the Main Advantage of Setting Up