A book of original entry that is designed and used for recording only a specified type of transaction is called a
A) Schedule
B) Columnar ledger
C) Special journal
D) General journal
E) Subsidiary ledger

Question

Quizplus · Accepted Answer

A special journal is designed and used for recording only a specified type of transaction. Examples of special journals include a sales journal, purchases journal, cash receipts journal, and cash disbursements journal. The purpose of these journals is to simplify the recording process for high-volume transactions and to provide a clear and organized record of each type of transaction.

A Book of Original Entry That Is Designed and Used