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Why is journal prepare?
Special journal is prepared to save time and minimize the errors.
When was The Wall Street Journal Special Editions created?
The Wall Street Journal Special Editions was created in 1994.
In which journal would the payment of salaries be posted?
cial journal
What are the four special journals in accounting?
Following are four special journals in accounting: 1 - Sales Journal 2 - Purchase journal 3 - Cash receipt journal 4 - Cash payment journal
What record that contains all accounts of company?
general ledger, general journal, special ledger, special journal, column balance ledger.
What are five special journals?
1 - Sales Journal 2 - Purchase Journal 3 - Cash Receipt Journal 4 - Cash Payment Journal 5 - General Journal
What can be written in a journal?
Anything one wants to write in a journal may be written. There are no special guidelines of what to write in a journal. Most people write how they feel or a story.
Which transaction is normally recorded in a special journal?
Purchases on account
What are the proforma journal entries?
Proforma journal entries are hypothetical journal entries prepared before actual transactions occur. They help in understanding the potential impact of transactions on financial statements. These entries are used for forecasting and planning purposes.
Journal entries at year end?
journal entries can be prepared at any time.there is no particular time/day/month/year.only if it is mentioned in question we prepare it according to given data.
What is the advantage of having special amount columns in a journal?
Because everyone loves something more SPECIAL
In which special journal would a purchase of merchandise for cash be recorded?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
