In: Accounting
Which of the following is not a special journal:
- Sales journal.
- Purchases journal.
- Cash receipts journal.
- General journal.
- Cash disbursements journal.
the correct answer is option D general journal.
special journal is of 6 types : sales jornal , purchase jornal , cash receipt journal , cash disbursement journal , sales return jornal and purchase return journal but does not include general journal, thus the above answer is correct.
below are the defines of specific and general journal to clear any confusion
special journals are also called day books are used to accumulate data which is repetitive in nature and it`s purpose is to differentiate specific transactions from other transactions to ease their maintenance and to have control.All these transactions are recorded in form of single entry.
general journal is used to record transactions which aren`t repetitive in nature and these transactions does not have any specific journal to be maintained.All these transactions are recorded in form of double entry.
if this helps then do upvote and if you need any more clarification please do comment.