85.2k views
0 votes
What are advantages of Special Journals? (Select all that apply)

a. Increased Efficiency
b. Detailed Tracking
c. Simplicity
d. All of the Above

User Padigan
by
8.0k points

1 Answer

3 votes

Final answer:

The advantages of Special Journals in accounting include increased efficiency, detailed tracking, and simplicity. All of the above options apply.

Step-by-step explanation:

The advantages of Special Journals in accounting include increased efficiency, detailed tracking, and simplicity.

Increased efficiency: Special Journals allow for faster and more streamlined recording of transactions, reducing the time and effort needed for data entry.

Detailed tracking: Special Journals provide a separate record for specific types of transactions, such as sales or purchases, allowing for easier analysis and monitoring.

Simplicity: Special Journals simplify the overall accounting process by organizing transactions into separate categories, making it easier to manage and understand the financial data.

Therefore, the correct answer is d. All of the Above.

User Diego Moreira
by
7.9k points

No related questions found