Special Journal
Trending Questions
Transactions that a business doesn`t record in any of the special journals are recorded in which of the following journals/ day books?
Cash Payments Journal
Cash Receipts Journal
Purchase Return Journal
Journal Proper
Specialized Journals are more adequate for which type of business?
Small Businesses
Partnership
Big Businesses
Sole Proprietorship
- Purchase Journal
- Sales Journal
- Debtor`s Account
- Cash book
Which of the following books does not record the movement of inventory?
Purchase Journal
Sales Journal
General Journal
Purchase Return Journal
Sale of old furniture on credit shall be recorded in which of the following specialized journals?
Sales Journal
Purchase Journal
General Journal
Sales Return Journal
Which of the following is incorrect with regards to special journals?
A special journal records cash transactions only
It’s a place where similar transactions can be recorded and organized, so bookkeepers and accountants can keep track of different business activities.
Special journals are designed as a simple way to record the most frequently occurring transactions.
A special journal is any accounting journal in the general journal that is used to record and post transactions of similar types.
Credit purchases of Plant & Machinery is recorded in which of the following specialized journals?
Journal Proper
Purchase Journal
Purchase Return Journal
Cash Receipts Journal