Asked Dec 13, 2019

Which of the following is not a special journal?

  • Which of the following is not a special journal?
  • General journal
  • Sales journal
  • Cash receipts journal
  • Purchases journal

Expert Answer

Step 1

Special journals: A special journal helps the company to record the specific and similar transactions. These are used to divide the accounting tasks, time taken to complete the different accounting activities and to create the chronological listing of the related transactions.

Step 2

Sales journal, Cash receipts journal and purchase...

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