Multiple Choice
Which of the following is not a feature of special journals?
A) They are efficient tools in helping journalize and post transactions.
B) They allow posting of amounts as column totals rather than as individual amounts.
C) Good system design could collapse sales and cash receipts into one journal to better suit a business.
D) They eliminate the need for a general journal.
E) They produce an efficient division of labor.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: The _ principle requires that an accounting
Q85: A company records its transactions and events
Q86: If a company purchases $15,200 of merchandise
Q87: Which of the following statements is not
Q88: Plimpton Sales uses special journals to record
Q92: The following special journal is taken from
Q93: A company would use which of the
Q94: Source documents:<br>A)Are input devices.<br>B)Provide the basic information
Q96: After posting is completed,there may be an
Q97: _are the part of the accounting information