Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is the main advantage of setting up special journals? They can be used with a cash accounting system. They remove the

Which of the following is the main advantage of setting up special journals?

They can be used with a cash accounting system.

They remove the need for double entry recording.

They make the preparation of a trial balance easier.

They reduce the time required to journalise each entry and post to the general ledger.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay

7th edition

132928930, 978-0132928939

More Books

Students also viewed these Accounting questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago