benefit of having special journals versus just a general journ

Q: Why the companies use special journals? List them.

A: In the bookkeeping system of accounting, the transactions are recorded in two types of books :…

Q: Define special journals and explain their usefulness.

A: General Journal   It is a chronological record of the transactions, showing an explanation of each…

Q: Can assist on the following Give a brief description of the different types of source documents…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Wha is the general journal

A: General Journal is a financial book in which all the business transactions are recorded in…

Q: Answer the following : What is Special Journals? In your own words describe and explain clearly and…

A: Special journal is the journal which helps to record the financial transactions, In this each…

Q: What is the definition of a journal entry?

A: Journal entry is an act of maintaining a record of transactions whether economic or non economic.

Q: Journalize ize

A: Journal entries ,ledgers, trial balance and financial statement are prepared to provide the…

Q: Explain the recording process of special journals.

A: Companies use special journals to record repetitive transactions that affect the same set of…

Q: how do you format a journal entry.

A: Journal entry is the primary recording of any transaction which is entered in the financial…

Q: Explain which of the four potential exposures in the FRS may be controlled better by a close…

A:

Q: Identify what special journal that is applicable for the following transactions:

A: Given: Payment received from Customer               ₱10,000 Purchase  made on Credit…

Q: [Based on Appendix C] What is the purpose of special journals? In what ways do they simplify the…

A: Special journal: The purpose special journal is to record the particular types of transactions which…

Q: Justapose the relevance of a general journal

A: Justapose the relevance of a general journal?

Q: What is the purpose of special journals? In what ways do they simplify the recording process?

A: Special journal: The purpose special journal is to record the particular types of transactions which…

Q: structions: repare the entries in the Journal

A: Step 1 Journal is the Part of Book keeping.

Q: Specialized journals are books of original entry. True False

A: Solution- Transactions must first be recorded in the general journal before they can be entered in…

Q: What is a recurring journal entry? How it affects the whole entry system?

A: REcurring journal entries are the entries which get repeated in every accounting period for example…

Q: How to record General journal

A: General journal is the book of original entry in which the entities record the financial…

Q: What is journal? Why is it prepared?

A: Note: As per the policy, we are supposed to solve one question at a time. Kindly repost the further…

Q: which of the following statement is correct relative to posting with use of special journals? A.…

A: Introduction:- Special journals are all accounting journals.  Which are used to record specific…

Q: What are the major advantages of the use of special journals?

A: Special Journals are designed to facilitate the process of journalizing and posting transactions.…

Q: What information is contained in a journal voucher?

A: Definition: Journal Voucher is a document based on which transactions are recorded. It serves as…

Q: What would the journal entry be?

A: A pension plan is usually an agreement between the employer and employee wherein, the employer…

Q: Journal entries?

A: Introduction: Journal entries: Recording of a business transactions in a chronological order. First…

Q: Distinguish between a general journal and journal vouchers.

A: General Journal: A general journal refers to a book of original entry in which accountants and…

Q: What is a journal entry?

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Which of the following is not a special-purpose journal? A. SJ В. GI C. CRJ D. CDJ

A: Special Purpose Journals:- Transactions that are of similar nature get summarized so that it can be…

Q: What is Journal?

A: Journal is a primary book of account in which transactions are first recorded in a chronological…

Q: Need journal entries

A: Partnership means where two or more person comes together to do some common business activity and…

Q: correct journal entry?

A: February / 3 Pre incorporation Expenses $9000               TO cash / Bank.              $9000…

Q: Are both registers and special journals necessary?

A:

Q: Describe the different types of journal.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: prepare journal enteries

A: Income tax is defined as the payment obligation of the taxpayer earning income for each year. It is…

Q: Which of these processes leads to the preparation of Journal?

A: Answer

Q: T F The cost to create and distribute photos, videos,and podcasts should be a consideration when…

A: In the present scenario, media sharing has become one of the most important form of marketing.…

Q: scholarly journals differ from other

A: A "journal," or "scholarly journal," could be a scholarly periodical aimed at specialists and…

Q: I need the transactions that will be put in special journals

A: Special journals are specialized list of financials journals that are used to record the most…

Q: What is Journal? Explain

A: Journal is a book in which all transactions are passed including cash , sales , purchase , expenses…

Q: Journalize

A:

Q: how to fill in general journal

A: The general journal is maintained essentially on the concept of double entry system of accounting,…

Q: Explain the distinguishing characteristics of (a) a generaljournal and (b) a special journal.

A: The journals are used by the companies to record the financial transactions of an organization on…

Q: Create a General Journal.

A: When the transactions take place in an entity they are first recorded in the General Journal. From…

Q: What are the types of special journals?

A: Special journal:   The special journal represents similar types of transactions that are recorded…