Question: Using a minimum of 100 words, explain why a business would want to set up an accounting system using special journals instead of using only

Using a minimum of 100 words, explain why a business would want to set up an accounting system using special journals instead of using only a general journal to record transactions.


What are the benefits of using a special journal system for a business that has a large number of transactions each month?

Step by Step Solution

3.43 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Special journals are a common tool used in accounting to organize and record transactions efficientl... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!