A special journal is used to record and post transactions of a similar type.

Name: A special journal is used to record and post transactions of a similar type.
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A special journal is used to group and record transactions of a similar nature, such as sales, purchases, cash receipts, and cash disbursements. This helps to simplify the accounting process and provides a more organized and efficient way to track and analyze financial transactions.

A Special Journal Is Used to Record and Post Transactions