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Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615

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BuyFindarrow_forward

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem
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What are the major advantages of the use of special journals?

To determine

Special journal:

Special journal refers to the journal that is used to record a single kind of transaction which occurs frequently. It is one of the methods in manual system that is used to process the financial transactions more efficiently.

To discuss: The major advantages of the use of special journals.

Explanation

The major advantages of the use of special journals:

  • It helps to saving the record-keeping expenses, because it is used to record the single kind of transaction...

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