Question
Asked Dec 13, 2019
22 views

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
check_circle

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...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in
BusinessAccounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: On March 1, Imhoff Co. began construction of a small building. Payments of $800,000 were made monthl...

A: Fixed Assets: It refers to the long-term assets having a useful life of more than a year which is, a...

question_answer

Q: Who bears the freight when the terms of sale are (a) FOB shipping point, (b) FOB destination?

A: (a)If the sale is made with the terms FOB shipping point, the goods' ownership is transferred at the...

question_answer

Q: clasify each costs as either fixed, variable or mixed: a. shipping boxes used to ship orders b. cons...

A: Clasify each costs as either fixed, variable or mixed: 

question_answer

Q: Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory....

A: The entries to record journal entries in the books of Cosimo enterprises are as follows

question_answer

Q: E5.2B (L0 1,2) (Classification of Balance Sheet Accounts) Presented below are the captions of Chan C...

A: Assets are the resources owned by the company. They are acquired with an intention to sell or to fac...

question_answer

Q: Hello! I'm facing troubles solving question #3 : (thanks in advance!)    Hi-Tek Manufacturing Inc. m...

A: Activity-based costing (ABC) Under the ABC method, the overhead cost is assigned on the basis of act...

question_answer

Q: 1. The cost of land typically includes the purchase price and all of the following costs except A) p...

A: The cost of land includes its purchase price and other many other costs including the following: Rea...

question_answer

Q: Which of the following nonmonetary exchange transactions may result in recorded gains or losses? A) ...

A: Non monetary assets exchange represents swaping of non-monetary assets between two entities. Accouti...

question_answer

Q: For 2013, Harper Company sold 86,000 units at a selling price of $23 per unit. Variable cost per uni...

A: Cost volume profit analysis is a technique used by the company to have an estimate of required numbe...