ACNT 1371 PRINT UPGRADE
ACNT 1371 PRINT UPGRADE
10th Edition
ISBN: 9781260906554
Author: SPICELAND
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 2, Problem 2.24E
To determine

General journal (GJ):

The journal where the debit and credit entries of the accounting transactions are recorded in a chronological order are referred to as general journal.

Special journals:

Special journals are the journals where the particular types of transactions which occur frequently in a month are recorded.

The special journals that are generally used by the businesses are as follows:

  • Sales journal (SJ)
  • Cash receipts journal (CR)
  • Purchases journal (PJ)
  • Cash payments or disbursements journal (CD)

To Indicate: The journal which should be used to record each of the following transactions.

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Chapter 2 Solutions

ACNT 1371 PRINT UPGRADE

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