A log that is used to record and post transactions of a similar type is a:
A) Schedule.
B) Columnar ledger.
C) Special journal.
D) General journal.
E) Subsidiary ledger.

Question

Quizplus · Accepted Answer

A special journal is specifically designed to record and post transactions of a similar type, such as sales or purchases, in a simplified and efficient manner. Schedule refers to a timetable, while columnar ledger and subsidiary ledger are broader terms that may include various types of accounts. The general journal is a primary accounting record used to initially record all financial transactions.

A Log That Is Used to Record and Post Transactions