Question: Multiple Select Question Select all that apply Describe what a special journal is by selecting all of the correct statements below. More than one answer

Multiple Select Question Select all that apply Describe what a special journal is by selecting all of the correct statements below. More than one answer may be correct. Multiple select question. A special journal replaces the general journal in a business. It is a journal that has specific columns for accounts debited and credited. A special journal used as an alternative to only using a general journal. A special journal is used to record transactions of a certain type. Special journals allow an efficient division of labor. When special journals are used, adjusting entries are not necessary because accounts are updated daily instead of at the end of the period

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