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The types of special journals a business uses should depend on the types of transactions that occur most frequently for a business. (Points : 3) True or False
The types of special journals a business uses should depend on the types of transactions that occur most frequently for a business. [ This is a TRUE statement because Special journals are designed as a simple way to record the most frequently occurring transactions. There are four types of Special Journals that are frequently used by merchandising businesses: Sales journals, Cash receipts
journals, Purchases journals, and Cash payments journals. ]
Expert answered|nami008|Points 91|
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Asked 6/30/2013 4:28:34 PM
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A schedule of accounts payable is used to prove that the sum of the accounts payable ledger balances equals the Accounts Payable balance in the general ledger. (Points : 3) True or False
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Asked 6/30/2013 4:23:26 PM
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