Special Journals a. When are special journals used in an accounting system b. Name four

Chapter 16, Problem 1

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QUESTION:

Special Journals

a. When are special journals used in an accounting system?

b. Name four commonly used special journals and describe the transactions entered in each.

Questions & Answers

QUESTION:

Special Journals

a. When are special journals used in an accounting system?

b. Name four commonly used special journals and describe the transactions entered in each.

ANSWER:

                                                                  Step 1 of 3

Special journals in accounting are journal entries that are specialized lists of financial transaction records that make the process of recording transactions simpler in an accounting system.

                                                                 

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