Asked by Meadow Smith on May 18, 2024
Verified
Special journals are used to record unique transactions which do not occur very often.
Special Journals
Accounting books designed for recording specific types of transactions in a detailed and efficient manner.
- Determine the purpose and essential nature of subsidiary ledgers and special journals in accounting mechanisms.
Verified Answer
MS
Maria SaccocciaMay 18, 2024
Final Answer :
False
Explanation :
Special journals are used to record frequent and similar types of transactions, such as sales, purchases, cash receipts, and cash disbursements, to improve efficiency and organization in accounting.
Learning Objectives
- Determine the purpose and essential nature of subsidiary ledgers and special journals in accounting mechanisms.
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