Question on: SS1 Accounting - Advantages of A General Journal
What is the main difference between a specialized journal and the general journal?
View related lesson
A
A specialized journal is used for all transactions, while the general journal is only used for specific transactions
B
A specialized journal is used for specific types of transactions, while the general journal is used for transactions that do not fit in a specialized journal
C
A specialized journal provides a complete record of all transactions, while the general journal only provides a summary of account balances
D
A specialized journal is quicker to use than the general journal
Ask EduPadi AI for a detailed answer
Correct Option: B
Add your answer
Please share this, thanks!
No responses