Final answer:
Special journals simplify record-keeping, separate different types of transactions, and reduce errors in accounting.
Step-by-step explanation:
Special journals are used in accounting to simplify record-keeping by separating different types of transactions into categories or special books. For example, a company may have separate journals for sales, purchases, cash receipts, and cash disbursements. This helps organize and streamline the recording process.
In addition to simplifying record-keeping, using special journals can also help reduce errors. By having separate journals for specific types of transactions, there is less chance for mix-ups or mistakes when recording transactions.
Therefore, the correct answer is D. All of the above. Special journals contribute to all three characteristics mentioned - simplifying record-keeping, separating different types of transactions, and reducing errors.